Data Center Vacancy Hits Historic Low, JLL Reports

The data center colocation market has reached a critical tipping point, with vacancy rates plummeting to an unprecedented 2.3% amid “relentless” demand for digital infrastructure, according to JLL, Chicago.

Cotality: Single-Family Rent Growth Stable

Cotality, Irvine, Calif., released its Single-Family Rent Index for June, finding that single-family rent prices in the month increased 2.9% from June 2024.

RentCafe: New Apartment Construction Still Strong

RentCafe, Santa Barbara, Calif., released its latest apartment construction report, forecasting that 506,353 units will be opened nationwide by the end of the year.

CMF Quote of the Week

“Asking rents may be climbing because shrinking apartment supply is coinciding with growing renter demand, which is being fueled by the high cost of homeownership.” 
–Redfin Senior Economist Sheharyar Bokhari. 

CBRE: Employers Closer to Meeting Goals on In-Office Work

CBRE, Dallas, released its Americas Office Occupier Sentiment Survey, finding that employees and employers are closest to being on the same page about in-office work since the onset of the COVID-19 pandemic.