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The following video is the industrial panel at Rent TV's Orange County State of the Market Conference held on March 21st, 2024. It is comprised of Jeffrey Cole with Cushman and Wakefield, Brooke Becher, Gustafson with Becher Development, Brett Turner with BKM Capital Partners, Trevor Halverson with Nuveen and Ben Senner with Aries Industrial Management. These Still increasing those rents. If you look at those, uh, that vacancy rates that you just quoted and break that down into a smaller size segment, it's about a third. And we're still seeing positive net absorption. We're seeing absolutely no new supply. And that's really the key is it just costs too much to build this stuff. You gotta have, you know, uh, you build a business apartment that's 200,000 square feet with 2000 square foot units, you need a hundred bathroom, 200 bathrooms. You need demising walls, you need separate electrical. It just takes cost a fortune. So we really haven't seen this, uh, product built in the last 20 years. Right. You know, Uh, we're, we're growing that much less aggressively, uh, because we do things. Um, you know, cap rates are likely at a high point, Potentially from here to the last three.