• Positive net absorption of 38,470 sq. ft. was recorded in Q2 2019, bringing year-to-date net absorption to negative 155,319 sq. ft.
  • The average direct asking lease rate reached $26.01 per sq. ft. FSG, an increase of 1.3% quarter-over-quarter.
  • Direct vacancy in the Southeast submarket decreased by 17 bps quarter-over-quarter to 12.4%.
  • The sale of the TriZetto HQ building for $61.3 million was the largest transaction of the quarter in the Southeast submarket.
  • The largest leases signed in the Southeast submarket in Q2 2019 were VF Corporation’s temporary space (150,000 sq. ft.) at Great West Life I and HealthONE’s renewal (81,508 sq. ft.) at Belleview Corporate Plaza II.