CRE360 Morning Pulse - October 21st, 2025

Today’s CRE360 Signal Daily Brief unpacks the mixed tone emerging across America’s growth corridor. Phoenix’s build-to-rent boom rolls on — more than 10,000 units under construction — even as Las Vegas tourism dips 8% year-on-year. Texas remains steady with 94% apartment occupancy, while Florida’s retail and housing markets run red-hot amid record tourism. In the Midwest, 6% industrial vacancies and 3% rent growth highlight quiet resilience.Host [Name] breaks down what these cross-currents mean for operators and lenders — and why 2025 is shaping up as a test of underwriting discipline, not exuberance.🎙 The CRE360 Signal Daily Brief — research-driven, AI-backed, and built for operators.