Weaker formation, not jobs, is now the key drag on absorption and is reinforcing scarcity‑driven rent growth.

The acquisition adds 42 properties as the REIT doubles down on logistics assets.

Counting households suggests stability, but counting adults shows ownership near post-crisis lows.

A prolonged disruption of the Strait of Hormuz is shifting the outlook.

Capital is flowing again, but on terms that demand lower leverage, tighter underwriting and sector‑specific strategies.

Q4 volume reached $24.1 billion with average loan sizes and underwriting characteristics largely unchanged.

MSCI finds these markets are beating the six major metros on one-year commercial property price growth.

Elevated renewal rates and widespread concessions show operators are protecting cash flow in high‑supply markets.