• Consecutive quarters of negative net absorption brings the YTD total to -724,986 sq. ft.
  • The vacancy rate rose for three straight quarters, settling at 16.6% in Q3 2020.
  • Under construction space sits at 2.7 million sq. ft., 52.1% of which is pre-leased.
  • Full service gross asking lease rate continued to increase to $27.95, the highest ever recorded (historical data begins in 1999).