Aggressive increases in the Southwest have kept Phoenix and Las Vegas at the top of the list for rent growth in the past year while the fastest and slowest yearly rent changes occurred in Midland/Odessa.

The recapped luxury residential and commercial building is one of several projects the real estate firm is developing in emerging neighborhoods.

The median household income in Los Angeles needs to increase 25% to afford the average rent in the city.

Net foreign investment in the DC office market fell into negative territory but JLL report author John Andril predicts foreign buyers will re-enter the market later this year.