Boston tops Lab/R&D construction, while the San Francisco Bay Area records the highest quarterly leasing demand.

New construction and homeowner lock-in are shifting rental supply toward large apartment buildings.

Record vacancies and longer leasing times slow the lingering impact of high new-unit deliveries.

These include tight vacancy, limited new deliveries and durable demand from high‑earning renters.

Yardi Matrix sees disciplined underwriting and selective capital amid soft demand and uneven market conditions.

Fresh and Go closures mark a shift to online grocery and Whole Foods expansion.

Top 25 originators closed $68.9B in loans, with Walker & Dunlop, CBRE and Wells Fargo leading the way.

December pre-leases climbed to 27.1% nationwide, despite the weakest kickoff in a decade.