• Positive net absorption of 283,238 sq. ft. was recorded in Q4 2017, bringing year-end net absorption to 968,167 sq. ft. – the highest amount on record since 2000.
  • The average direct asking lease rate reached $25.02 per sq. ft. FSG, a 3.7% increase year-over-year.
  • The direct vacancy rate increased 55 bps year-over-year to 12.3%.
  • The sale of Granite Place at Village Center in Greenwood Village for $127.0 million, or $423.94 per sq. ft., marked the largest transaction of the quarter for the Southeast.
  • Notable lease transactions in the quarter included Western Union (88,000 sq. ft.) at 7979 East Tufts Avenue and Vistar (66,809 sq. ft.) at 188 Inverness Drive West.