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Vacancy rate tops 5%, net absorption positive as pre-leased facilities are delivered.
Outmigration in gateway markets is slowing but still significant.
Completions totaled 440,000 in 2023, boosting supply to the highest levels since 1987
Industry boosts jobs, infrastructure, capital investment in those areas.
In 2025, the first Baby Boomers will turn 80.
For the first time, mobile shopping passed desktop.
The CRE arm of Chinese auto group bets on downtown Chicago.
The hub linked to UC Irvine gives way to 1,200 apartments at UCI Research Park.
The 25-building portfolio was the largest industrial deal in the state last year.
While the REIT still has appetite for infill, it spent 40% less than its $2.4B binge in 2022.