• Overall industrial availability increased to 4.3% quarter-over-quarter, remaining at or below 3.1% for the fifth straight quarter.
  • The vacancy rate increased by 40 basis points (bps) to 3.2%, quarter-over-quarter.
  • Year-over-year, average asking lease rates increased $0.03, from $3.89 to $3.92 per sq. ft. NNN.