• Driven by occupancy in newly constructed buildings, positive net absorption of 467,071 sq. ft. was recorded in Q2 2018, bringing year-to-date net absorption to 562,323 sq. ft.
  • The average direct asking lease rate increased to a record high of $25.65 per sq. ft. FSG, a 1.7% increase quarter-over-quarter.
  • Direct vacancy in the Southeast submarket decreased 40 bps year-over-year to 12.3%.
  • The sale of Quebec Corporate Plaza in the Greenwood Plaza micromarket for $18.0 million, or $111.76 per sq. ft., marked the largest transaction of the quarter in the Southeast submarket.
  • The largest lease signed in the Southeast submarket in Q2 2018 was Pax 8 (74,068 sq. ft.) at Landmark Corporate Center in the Greenwood Plaza micromarket.