• Vacancy continued to fall, dipping to 9.4% in Q2 2019—the lowest level in the post-recession period.
  • Positive net absorption of 173,302 sq. ft. was recorded in H1 2019, down 10.2% year-over-year.
  • The average asking lease rate increased to $15.22 per sq. ft. triple net (NNN), up $0.72 from H2 2018.
  • Investment sales remained strong, recording a volume of $97.7 million with an average price per sq. ft. of $126.47.