Introduction
•Demand grew to 43 million SF during the second quarter, 53% higher than last quarter.
•Vacancy also increased for the eighth consecutive quarter, although at a pace that is starting to slow.
•Construction activity is down 50% year-over-year and is expected to fall below 300 million SF by the end of 2024.
•Rent growth has normalized in most markets but has contracted in some coastal markets where it grew the fastest...
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