Meanwhile rents will continue to climb.

Resiliency, falling interest rates, and "dry powder" are reasons given.

Improved consumer confidence, lower inflation and lack of a recession is fueling demand for these assets.

San Francisco was the only market to see occupancy increase during the year.

Industrial and office categories dropped the most.

Industry boosts jobs, infrastructure, capital investment in those areas.

In 2025, the first Baby Boomers will turn 80.

It ticked up 60 bps to 5.2% in Q4, the highest it has been since Q3 2020.