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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.
The market has effectively doubled in size in the last four years.