• Q2 2018 saw positive net absorption of 465,135 sq. ft., higher than the previous quarter and nearly even with Q2 2017 net absorption.
  • Vacancy registered a decrease of 50 basis points (bps) quarter-over-quarter and 60 bps year-over-year.
  • Market-wide average asking lease rates increased quarterly by $0.02 per sq. ft. and Class A rents increased by $0.06 per sq. ft., nearing the previous record high.
  • Space under construction at the end of Q2 2018 included three speculative and three build-to-suit projects totaling 962,500 sq. ft.