Class A rents are rising while Class C properties lose ground, as supply and demand trends produce sharply different results across Western markets.

CRE's slow technology adoption reflects more than resistance to change. Specialized workflows, a relatively small market and the cost of replacing legacy systems have all limited innovation.

Of the units, 30 percent are designated under the affordable category.

Rent growth is expected to stabilize in Sacramento as the construction pipeline tumbles and demand normalizes.