House prices grew year-on-year in most states in the U.S. in the third quarter of 2024. The District of Columbia was the only exception, with a decline of three percent. The annual appreciation for single-family housing in the U.S. was 0.71 percent, while in Hawaii—the state where homes appreciated the most—the increase exceeded 10 percent. How have home prices developed in recent years? House price growth in the U.S. has been going strong for years. In 2024, the median sales price of a single-family home exceeded 413,000 U.S. dollars, up from 277,000 U.S. dollars five years ago. One of the factors driving house prices was the cost of credit. The record-low federal funds effective rate allowed mortgage lenders to set mortgage interest rates as low as 2.3 percent. With interest rates on the rise, home buying has also slowed, causing fluctuations in house prices. Why are house prices growing? Many markets in the U.S. are overheated because supply has not been able to keep up with demand. How many homes enter the housing market depends on the construction output, whereas the availability of existing homes for purchase depends on many other factors, such as the willingness of owners to sell. Furthermore, growing investor appetite in the housing sector means that prospective homebuyers have some extra competition to worry about. In certain metros, for example, the share of homes bought by investors exceeded 20 percent in 2024.

What is Rental Data?

Rental data encompasses detailed information about residential rental properties, including single-family homes, multifamily units, and large apartment complexes. This data often includes key metrics such as rental prices, occupancy rates, property amenities, and detailed property descriptions. Advanced rental datasets integrate listings directly sourced from property management software systems, ensuring real-time accuracy and eliminating reliance on outdated or scraped information.

Additional Rental Data Details

The rental data is sourced from over 20,000 property managers via direct feeds and property management platforms, covering over 30 percent of the national rental housing market for diverse and broad representation. Real-time updates ensure data remains current, while verified listings enhance accuracy, avoiding errors typical of survey-based or scraped datasets. The dataset includes 14+ million rental units with detailed descriptions, rich photography, and amenities, offering address-level granularity for precise market analysis. Its extensive coverage of small multifamily and single-family rentals sets it apart from competitors focused on premium multifamily properties.

Rental Data Includes:

• Property Types
• Single-Family Rentals
• Small Multi-family Units
• Premium Apartments
• 16,000+ ZIP Codes
• 800+ MSAs
• Pricing Trends
• Lease Terms Amenities

VITAL SIGNS INDICATOR
Home Prices (EC7)

FULL MEASURE NAME
Home Prices

LAST UPDATED
December 2022

DESCRIPTION
Home prices refer to the cost of purchasing one’s own house or condominium. While a significant share of residents may choose to rent, home prices represent a primary driver of housing affordability in a given region, county or city.

DATA SOURCE
Zillow: Zillow Home Value Index (ZHVI) - http://www.zillow.com/research/data/
2000-2021

California Department of Finance: E-4 Historical Population Estimates for Cities, Counties, and the State - https://dof.ca.gov/forecasting/demographics/estimates/
2000-2021

US Census Population and Housing Unit Estimates - https://www.census.gov/programs-surveys/popest.html
2000-2021

Bureau of Labor Statistics: Consumer Price Index - http://data.bls.gov
2000-2021

US Census ZIP Code Tabulation Areas (ZCTAs) - https://www.census.gov/programs-surveys/geography/guidance/geo-areas/zctas.html
2020 Census Blocks

CONTACT INFORMATION
vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Housing price estimates at the regional-, county-, city- and zip code-level come from analysis of individual home sales by Zillow based upon transaction records. Zillow Home Value Index (ZHVI) is a smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range. ZHVI is computed from public record transaction data as reported by counties. All standard real estate transactions are included in this metric, including REO sales and auctions. Zillow makes a substantial effort to remove transactions not typically considered a standard sale. Examples of these include bank takeovers of foreclosed properties, title transfers after a death or divorce and non arms-length transactions. Zillow defines all homes as single-family residential, condominium and co-operative homes with a county record. Single-family residences are detached, which means the home is an individual structure with its own lot. Condominiums are units that can be owned in a multi-unit complex, such as an apartment building. Co-operative homes are slightly different from condominiums in that the homeowners own shares in the corporation that owns the building, not the actual units themselves.

For metropolitan area comparison values, the Bay Area metro area’s median home sale price is the population-weighted average of the nine counties’ median home prices. Data is adjusted for inflation using Bureau of Labor Statistics metropolitan statistical area (MSA)-specific series. Inflation-adjusted data are presented to illustrate how home prices have grown relative to overall price increases; that said, the use of the Consumer Price Index (CPI) does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of the CPI itself.

In the third quarter of 2019, the most expensive properties in Budapest were found in District I, under the postal code 1014. The second most expensive neighborhood was in District V, where the property price per square meter amounted to 1.04 million forints.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting 168 U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded 500,000 U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Geospatial data on real estate prices and housing in the USA is a strategic asset for informed decision-making in the property market. This data - at census block level - reveals regional price and construction trends, allowing real estate professionals and investors to optimize their strategies.

What is included?

At the Census Block level, this dataset includes some of the following key features:

Buildings

• Number Of Bedrooms: 0, 1, 2, 3, 4, 5+
• Year Of Construction: 1939 or before, 1940-1949...... 2010-2013, 2014 or later
• Home Occupation: Vacant, Occupied

Price and Rental Data

• Monthly Mortgage: Under $200, $200-$499...... $3000-$3999, $4000 or over
• Monthly Rent: Under $100, $100-$249...... $1500-$2499, $2500 or over
• Real-Estate Value: Under $25K, $25K-$50K...... $500K-$1M, Over $1M
• Home Ownership: Rented, Owned

Vehicles

• Number Of Vehicles In Household: 1, 2...... 4, 5+

• • Buildings: Marketers can use the number of bedrooms to target specific household sizes, tailoring campaigns for families with more members or individuals seeking different accommodations. The year of construction provides insights into the age and potential condition of homes, guiding marketers in promoting renovation or modernization services. The home occupation variable allows for targeted messaging based on the status of the property, such as addressing the needs of vacant properties versus occupied ones.
  • Price and Rental Data: These data variables provide crucial insights for marketers in the real estate and financial sectors. For example, businesses offering mortgage services can tailor their promotions based on the financial capacity of potential clients, while real estate agencies may focus on specific price ranges or ownership statuses to match their property listings with the preferences of their target audience.
  • Vehicles: Marketers can use the number of vehicles in a household to target automotive-related products and services. For instance, companies offering auto insurance or vehicle accessories may customize their campaigns based on the number of vehicles in a household, tailoring their offerings to the specific needs of potential customers.

• This demographic data is typically available at the census block level. These blocks are smaller, more detailed units designed for statistical purposes, enabling a more precise analysis of population, housing, and demographic data. Census blocks may vary in size and shape but are generally more localized compared to ZIP codes.

  Still looking for demographic data at the postal code level? Contact sales.

• There are numerous other census data datasets available for the United States, covering a wide range of demographics. These include information on:

  • Commuting
  • Educational Attainment
  • Employment
  • Families
  • Finance
  • Housing

Graph and download economic data for All-Transactions House Price Index for Michigan (MISTHPI) from Q1 1975 to Q4 2024 about MI, appraisers, HPI, housing, price index, indexes, price, and USA.

Searchable online database of homes for sale, rent, and not currently on the market, with value estimator, market report, and real-estate trend tool. Users search by location (neighborhood, city, zip code, address) and parameters, such as property specifications, pricing, and keyword. Registration allows for favorite listing saving, customized property e-mail alerts, and other privileges. Users can also access real-estate listing data through an API.

BatchService delivers a comprehensive Permit Dataset featuring over 124 data points on permit details including description, number, type, subtype, locations, dates, architects, and applicants. It also includes 18+ data points on contractor information such as names, business types, license details, and contacts. Additionally, gain insights with 33+ data points on project-specific tags like solar installations, EV chargers, HVAC systems, room additions, and pool installations. With over 74,000 data points on demolition codes, related accessories, and structures, BatchService provides a thorough resource for developers, home improvement firms, and utility companies when it comes to lead generation efforts at both a residential and commercial real estate level.

Real Estate Developers: BatchService empowers real estate developers by enhancing site selection and project planning. With detailed permit data, market trends, and growth indicators, you can identify high-potential areas and maximize returns. Access comprehensive insights into property permits, contractor details, and project tags to make strategic decisions and capitalize on emerging opportunities.

Home Improvement + Service Retailers: BatchService helps home improvement and service retailers by providing targeted marketing insights and local renovation trends. Use detailed permit data to identify homeowners likely to invest in renovations and adjust your inventory based on popular local projects. Tailor your marketing strategies and optimize stock to meet demand effectively.

Utility Companies: BatchService aids utility companies in forecasting demand and identifying new construction projects. By leveraging detailed permit data, you can anticipate utility needs, plan for timely connection services, and proactively manage infrastructure upgrades. Ensure efficient service provision and support growing communities with precise, data-driven insights.

This permit dataset, inclusive of residential real estate data and commercial real estate data, is your key to unlocking more business.

Graph and download economic data for Housing Inventory: Active Listing Count in the United States (ACTLISCOUUS) from Jul 2016 to Feb 2025 about active listing, listing, and USA.

Graph and download economic data for Housing Inventory: Active Listing Count in Florida (ACTLISCOUFL) from Jul 2016 to Feb 2025 about active listing, FL, listing, and USA.

Graph and download economic data for S&P CoreLogic Case-Shiller TX-Dallas Home Price Index (DAXRNSA) from Jan 2000 to Jan 2025 about Dallas, HPI, TX, housing, price index, indexes, price, and USA.

A global database of Census Data that provides an understanding of population distribution at administrative and zip code levels over 55 years, past, present, and future.

Leverage up-to-date census data with population trends for real estate, market research, audience targeting, and sales territory mapping.

Self-hosted commercial demographic dataset curated based on trusted sources such as the United Nations or the European Commission, with a 99% match accuracy. The global Census Data is standardized, unified, and ready to use.

Use cases for the Global Census Database (Consumer Demographic Data)

• Ad targeting

• B2B Market Intelligence

• Customer analytics

• Real Estate Data Estimations

• Marketing campaign analysis

• Demand forecasting

• Sales territory mapping

• Retail site selection

• Reporting

• Audience targeting

Census data export methodology

Our consumer demographic data packages are offered in CSV format. All Demographic data are optimized for seamless integration with popular systems like Esri ArcGIS, Snowflake, QGIS, and more.

Product Features

• Historical population data (55 years)

• Changes in population density

• Urbanization Patterns

• Accurate at zip code and administrative level

• Optimized for easy integration

• Easy customization

• Global coverage

• Updated yearly

• Standardized and reliable

• Self-hosted delivery

• Fully aggregated (ready to use)

• Rich attributes

Why do companies choose our demographic databases

• Standardized and unified demographic data structure

• Seamless integration in your system

• Dedicated location data expert

Note: Custom population data packages are available. Please submit a request via the above contact button for more details.

This dataset contains data on all Real Property parcels that have sold since 2013 in Allegheny County, PA.

Before doing any market analysis on property sales, check the sales validation codes. Many property "sales" are not considered a valid representation of the true market value of the property. For example, when multiple lots are together on one deed with one price they are generally coded as invalid ("H") because the sale price for each parcel ID number indicates the total price paid for a group of parcels, not just for one parcel. See the Sales Validation Codes Dictionary for a complete explanation of valid and invalid sale codes.

Sales Transactions Disclaimer: Sales information is provided from the Allegheny County Department of Administrative Services, Real Estate Division. Content and validation codes are subject to change. Please review the Data Dictionary for details on included fields before each use. Property owners are not required by law to record a deed at the time of sale. Consequently the assessment system may not contain a complete sales history for every property and every sale. You may do a deed search at http://www.alleghenycounty.us/re/index.aspx directly for the most updated information. Note: Ordinance 3478-07 prohibits public access to search assessment records by owner name. It was signed by the Chief Executive in 2007.

Melbourne is currently experiencing a housing bubble (some experts say it may burst soon). Maybe someone can find a trend or give a prediction? Which suburbs are the best to buy in? Which ones are value for money? Where's the expensive side of town? And more importantly where should I buy a 2 bedroom unit?

Content & Acknowledgements

This data was scraped from publicly available results posted every week from Domain.com.au, I've cleaned it as best I can, now it's up to you to make data analysis magic. The dataset includes Address, Type of Real estate, Suburb, Method of Selling, Rooms, Price, Real Estate Agent, Date of Sale and distance from C.B.D.

....Now with extra data including including property size, land size and council area, you may need to change your code!

Some Key Details

Suburb: Suburb

Address: Address

Rooms: Number of rooms

Price: Price in dollars

Method: S - property sold; SP - property sold prior; PI - property passed in; PN - sold prior not disclosed; SN - sold not disclosed; NB - no bid; VB - vendor bid; W - withdrawn prior to auction; SA - sold after auction; SS - sold after auction price not disclosed. N/A - price or highest bid not available.

Type: br - bedroom(s); h - house,cottage,villa, semi,terrace; u - unit, duplex; t - townhouse; dev site - development site; o res - other residential.

SellerG: Real Estate Agent

Date: Date sold

Distance: Distance from CBD

Regionname: General Region (West, North West, North, North east ...etc)

Propertycount: Number of properties that exist in the suburb.

Bedroom2 : Scraped # of Bedrooms (from different source)

Bathroom: Number of Bathrooms

Car: Number of carspots

Landsize: Land Size

BuildingArea: Building Size

YearBuilt: Year the house was built

CouncilArea: Governing council for the area

Lattitude: Self explanitory

Longtitude: Self explanitory

Graph and download economic data for Housing Inventory: Active Listing Count in Los Angeles County, CA (ACTLISCOU6037) from Jul 2016 to Dec 2024 about Los Angeles County, CA; Los Angeles; active listing; CA; listing; and USA.

Parcels and property data maintained and provided by Lee County Property Appraiser are converted to points. Property attribute data joined to parcel GIS layer by Lee County Government GIS. This dataset is generally used in spatial analysis.Process description: Parcel polygons, condominium points and property data provided by the Lee County Property Appraiser are processed by Lee County's GIS Department using the following steps:Join property data to parcel polygons Join property data to condo pointsConvert parcel polygons to points using ESRI's ArcGIS tool "Feature to Point" and designate the "Source" field "P".Load Condominium points into this layer and designate the "Source" field "C". Add X/Y coordinates in Florida State Plane West, NAD 83, feet using the "Add X/Y" tool.Projected coordinate system name: NAD_1983_StatePlane_Florida_West_FIPS_0902_FeetGeographic coordinate system name: GCS_North_American_1983

 Name
 Type
 Length
 Description


 STRAP
 String
 25
 17-digit Property ID (Section, Township, Range, Area, Block, Lot)


 BLOCK
 String
 10
 5-digit portion of STRAP (positions 9-13)


 LOT
 String
 8
 Last 4-digits of STRAP


 FOLIOID
 Double
 8
 Unique Property ID


 MAINTDATE
 Date
 8
 Date LeePA staff updated record


 MAINTWHO
 String
 20
 LeePA staff who updated record


 UPDATED
 Date
 8
 Data compilation date


 HIDE_STRAP
 String
 1
 Confidential parcel ownership


 TRSPARCEL
 String
 17
 Parcel ID sorted by Township, Range & Section


 DORCODE
 String
 2
 Department of Revenue. See https://leepa.org/Docs/Codes/DOR_Code_List.pdf


 CONDOTYPE
 String
 1
 Type of condominium: C (commercial) or R (residential)


 UNITOFMEAS
 String
 2
 Type of Unit of Measure (ex: AC=acre, LT=lot, FF=frontage in feet)


 NUMUNITS
 Double
 8
 Number of Land Units (units defined in UNITOFMEAS)


 FRONTAGE
 Integer
 4
 Road Frontage in Feet


 DEPTH
 Integer
 4
 Property Depth in Feet


 GISACRES
 Double
 8
 Total Computed Acres from GIS


 TAXINGDIST
 String
 3
 Taxing District of Property


 TAXDISTDES
 String
 60
 Taxing District Description


 FIREDIST
 String
 3
 Fire District of Property


 FIREDISTDE
 String
 60
 Fire District Description


 ZONING
 String
 10
 Zoning of Property


 ZONINGAREA
 String
 3
 Governing Area for Zoning


 LANDUSECOD
 SmallInteger
 2
 Land Use Code


 LANDUSEDES
 String
 60
 Land Use Description


 LANDISON
 String
 5
 BAY,CANAL,CREEK,GULF,LAKE,RIVER & GOLF


 SITEADDR
 String
 55
 Lee County Addressing/E911


 SITENUMBER
 String
 10
 Property Location - Street Number


 SITESTREET
 String
 40
 Street Name


 SITEUNIT
 String
 5
 Unit Number


 SITECITY
 String
 20
 City


 SITEZIP
 String
 5
 Zip Code


 JUST
 Double
 8
 Market Value


 ASSESSED
 Double
 8
 Building Value + Land Value


 TAXABLE
 Double
 8
 Taxable Value


 LAND
 Double
 8
 Land Value


 BUILDING
 Double
 8
 Building Value


 LXFV
 Double
 8
 Land Extra Feature Value


 BXFV
 Double
 8
 Building Extra Feature value


 NEWBUILT
 Double
 8
 New Construction Value


 AGAMOUNT
 Double
 8
 Agriculture Exemption Value


 DISAMOUNT
 Double
 8
 Disability Exemption Value


 HISTAMOUNT
 Double
 8
 Historical Exemption Value


 HSTDAMOUNT
 Double
 8
 Homestead Exemption Value


 SNRAMOUNT
 Double
 8
 Senior Exemption Value


 WHLYAMOUNT
 Double
 8
 Wholly Exemption Value


 WIDAMOUNT
 Double
 8
 Widow Exemption Value


 WIDRAMOUNT
 Double
 8
 Widower Exemption Value


 BLDGCOUNT
 SmallInteger
 2
 Total Number of Buildings on Parcel


 MINBUILTY
 SmallInteger
 2
 Oldest Building Built


 MAXBUILTY
 SmallInteger
 2
 Newest Building Built


 TOTALAREA
 Double
 8
 Total Building Area


 HEATEDAREA
 Double
 8
 Total Heated Area


 MAXSTORIES
 Double
 8
 Tallest Building on Parcel


 BEDROOMS
 Integer
 4
 Total Number of Bedrooms


 BATHROOMS
 Double
 8
 Total Number of Bathrooms / Not For Comm


 GARAGE
 String
 1
 Garage on Property 'Y'


 CARPORT
 String
 1
 Carport on Property 'Y'


 POOL
 String
 1
 Pool on Property 'Y'


 BOATDOCK
 String
 1
 Boat Dock on Property 'Y'


 SEAWALL
 String
 1
 Sea Wall on Property 'Y'


 NBLDGCOUNT
 SmallInteger
 2
 Total Number of New Buildings on ParcelTotal Number of New Buildings on Parcel


 NMINBUILTY
 SmallInteger
 2
 Oldest New Building Built


 NMAXBUILTY
 SmallInteger
 2
 Newest New Building Built


 NTOTALAREA
 Double
 8
 Total New Building Area


 NHEATEDARE
 Double
 8
 Total New Heated Area


 NMAXSTORIE
 Double
 8
 Tallest New Building on Parcel


 NBEDROOMS
 Integer
 4
 Total Number of New Bedrooms


 NBATHROOMS
 Double
 8
 Total Number of New Bathrooms/Not For Comm


 NGARAGE
 String
 1
 New Garage on Property 'Y'


 NCARPORT
 String
 1
 New Carport on Property 'Y'


 NPOOL
 String
 1
 New Pool on Property 'Y'


 NBOATDOCK
 String
 1
 New Boat Dock on Property 'Y'


 NSEAWALL
 String
 1
 New Sea Wall on Property 'Y'


 O_NAME
 String
 30
 Owner Name


 O_OTHERS
 String
 120
 Other Owners


 O_CAREOF
 String
 30
 In Care Of Line


 O_ADDR1
 String
 30
 Owner Mailing Address Line 1


 O_ADDR2
 String
 30
 Owner Mailing Address Line 2


 O_CITY
 String
 30
 Owner Mailing City


 O_STATE
 String
 2
 Owner Mailing State


 O_ZIP
 String
 9
 Owner Mailing Zip


 O_COUNTRY
 String
 30
 Owner Mailing Country


 S_1DATE
 Date
 8
 Most Current Sale Date > $100.00


 S_1AMOUNT
 Double
 8
 Sale Amount


 S_1VI
 String
 1
 Sale Vacant or Improved


 S_1TC
 String
 2
 Sale Transaction Code


 S_1TOC
 String
 2
 Sale Transaction Override Code


 S_1OR_NUM
 String
 13
 Original Record (Lee County Clerk)


 S_2DATE
 Date
 8
 Previous Sale Date > $100.00


 S_2AMOUNT
 Double
 8
 Sale Amount


 S_2VI
 String
 1
 Sale Vacant or Improved


 S_2TC
 String
 2
 Sale Transaction Code


 S_2TOC
 String
 2
 Sale Transaction Override Code


 S_2OR_NUM
 String
 13
 Original Record (Lee County Clerk)


 S_3DATE
 Date
 8
 Next Previous Sale Date > $100.00


 S_3AMOUNT
 Double
 8
 Sale Amount


 S_3VI
 String
 1
 Sale Vacant or Improved


 S_3TC
 String
 2
 Sale Transaction Code


 S_3TOC
 String
 2
 Sale Transaction Override Code


 S_3OR_NUM
 String
 13
 Original Record (Lee County Clerk)


 S_4DATE
 Date
 8
 Next Previous Sale Date > $100.00


 S_4AMOUNT
 Double
 8
 Sale Amount


 S_4VI
 String
 1
 Sale Vacant or Improved


 S_4TC
 String
 2
 Sale Transaction Code


 S_4TOC
 String
 2
 Sale Transaction Override Code


 S_4OR_NUM
 String
 13

Graph and download economic data for All-Transactions House Price Index for Orange County, CA (ATNHPIUS06059A) from 1975 to 2024 about Orange County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

The average home in the U.S. sold for several percent below its asking price in December 2022, as a result of the housing market slowing. Just a few months before that, In the second quarter of 2022, the so-called sale-to-list price ratio went above 100. This reflected the high housing demand and the need of prospective home buyers to bid above the asking price. Housing demand - as measured in pending home sales - went up, as mortgage rates were historically low and plummeted once rates were increased.

Rents for industrial real estate in the U.S. have increased since 2017, with flexible/service space reaching the highest price per square foot in 2024. In just a year, the cost of, flex/service space rose by nearly five U.S. dollars per square foot. Manufacturing facilities, warehouses, and distribution centers had lower rents and experienced milder growth. Los Angeles, Orange County, and Inland Empire, California, are some of the most expensive markets in the country. Office real estate is pricier Industrial real estate is far from being the most expensive commercial property type. For instance, average rental rates in major U.S. metros for office space are much higher than those for industrial space. This is most likely because office units are generally located in urban areas where there is limited space and thus higher demand, whereas industrial units are more suited to the outskirts of such urban areas. Industrial units, such as warehouses or factories, require much more space because they need to house large, heavy equipment or serve as a storage unit for future shipments. Big-box distribution space is gaining in importance Warehouses and distribution may currently command the lowest average rent per square foot among industrial space types, but the growing popularity of the asset class has earned it considerable gains over the past years. In 2021 and 2022, high occupier demand and insufficient supply led to soaring taking rent of big-box buildings. During that time, the vacancy rate of distribution centers fell below six percent. The development of industrial and logistics facilities has accelerated since then, with the new supply coming to market causing the vacancy rate to increase and the pressures on rent to ease.