As hyperscale growth accelerates, expect further developments

The level of competitiveness between market-rate and fully affordable properties varies greatly by locale.

The markets identified shared certain characteristics like low vacancy rates and strong demand.

Out of five executives, four predict growing investor demand for CRE assets.

Some markets saw particularly significant declines.

In 2Q 2024, the median rent for newly constructed apartments plunged 6.2% to $1,746

Affordability is now the worst on record since the early 1980s.

U.S. luxury retail sales in 2024 are expected to total $77.3 billion.