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Effective rent growth in CBDs has outperformed over the last year.
But rising delinquencies will open opportunities to buy distressed assets.
The increase suggests a growing preference for repurposing newer structures.
Occupancy and average daily rates are expected to rise in these areas.
Gateway markets with a strong tech presence saw an increase in net absorption.
The latest increase follows a kind of rent roller-coaster.
American logistics space vacancy rose 130 bps to 7.1%.
The office outlook is bleak amid a cultural transition.
In some cases, the assets have serious underlying issues.
Upward vacancy momentum in the multifamily sector may have crested.