A common issue is supply and demand effected by population changes, construction, economic issues, the job market and location.Personally I haven't seen vacancy issues at this time,  but I have gone through cycles of vacancy issues.

The region's young population and growing economic opportunities contribute to high occupancy rates, typically ranging from 90% to 97% year-round.

We want copies of leases and spend hours combing through the intricate details; we want to know the seller’s  “motivation”, we want to know long term economic forecasts for the community, the state, the U.S.  

Per the below links, these two decisions show what lengths people will go to distort the facts in their ongoing attempts to defame and hurt people/businesses economically like Real Estate Sales, LLC.This is the New Mexico Better Business Bureau Response:https://www.realestatesalesllc.com/wp-content/uploads/2018/06/Better-Business-Bureau-Response-Tyreke-Gardner-and-N’shaina-Boyd.pdf This is the Nevada Better Business Response:https://www.realestatesalesllc.com/wp-content/uploads/2018/06/Better-Business-Bureau-Response-Tyreke-Gardner-and-N’shaina-Boyd.docxNeil J.

The region's young population and growing economic opportunities contribute to high occupancy rates, typically ranging from 90% to 97% year-round.

I actually during the credit crisis when our PDX banks froze  ... contacted them about doing a subdivision A and D loan for me... sent docs down  but I got a pre qual letter to quick and what I thought was too easy... next step was the 10k for due diligence, being a lender myself it was just too easy...

We haven't seem an economic down turn in quite while.

economic or otherwise?

The market I exchange into will be heavily weighted towards an awesome PM, then the economic and demographic metrics of the area.  

You have no real control over macro economic issues over the long term, which will have a higher level of impact on your building value.