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San Francisco was the only market to see occupancy increase during the year.
Industrial and office categories dropped the most.
Industry boosts jobs, infrastructure, capital investment in those areas.
In 2025, the first Baby Boomers will turn 80.
It ticked up 60 bps to 5.2% in Q4, the highest it has been since Q3 2020.
Savills sees potentially lower supply and possibly lower vacancy rates by late 2024.
Maine experienced positive domestic net migration, meaning that more Americans relocated to the state than moved away from it.
North Carolina's capital was recently named a top city for first-time home buyers.
New York continues to lead the country, but cooled by 15,700 units YoY for November.
Class C Memory Care assets experiencing the highest increase, up by 89 bps to 10.5%.