This marks the third straight quarter of record-low availability.

Class B assets absorbed +626,000 square feet of absorption.

The project is set to deliver nearly 1,400 beds across two phases.

New supply surged fourfold in the second quarter.

The focus is on preserving and developing 1,960 affordable housing units across 20 properties.

The plan is to redevelop a parking lot in the area.

The pressure is expected to be modest in the short term — but will spike over time.

Englewood Health will double its footprint at the property under a new expansion lease.