NATIONAL
Data Center Vacancy Falls to 3% in the Americas with 80% of New Construction Pre-Leased
BusinessWire
Demand for artificial intelligence (AI) and cloud data centers surged in the first half of 2024, in both established and emerging markets. Absorption is poised to surpass the record levels set in 2023. Power availability remains a critical concern, prompting developers to explore extensive geographic areas for substantial power options within the next two to three years.
Zillow will now show climate risks for property listings in the US
The Verge
Zillow has announced that its real estate property listings in the US will soon feature details about climate risks, including the potential for wildfires, flooding, extreme temperatures, high winds, and poor air quality. Buyers will also see what types of insurance are required or recommended for a property.
CONNECTICUT
Danbury out $175K in annual taxes after 3 commercial settlements
NewsTime
The settlements, which are part of a wave of commercial tax appeals that hit Danbury after the 2022 revaluation, mean the city will lose $175,000 annually from those three properties for five years.
Business Insider
Voters in Illinois will decide in November whether to add a special tax on people who make $1 million or more. State leaders say it could alleviate the burden of high property taxes on the average resident. A state estimate conducted by Illinois Gov. JB Pritzker's administration found that the new tax would generate $4.5 billion annually if passed into law.
TENNESSEE
Assessor Marty Haynes Considering Ask For Reappraisals Every 2 Years
Chattanoogan.com
As the county gears up for property appraisals in 2025, Hamilton County Assessor of Property Marty Haynes says he is considering asking that assessments be every two years instead of every four. “It helps you capture the growth dollars,” he told Chattanoogan.com, after he spoke to the Chattanooga Civitan Club on Friday. “A two-year plan is more beneficial to everyone,” he said.