• Direct vacancy reached 4.6%, down 50 basis points (bps) over the previous half year.
  • The average direct asking lease rate in H1 2019 increased to $10.09 per sq. ft. triple net (NNN), up slightly from H1 2018.
  • Positive net absorption of 236,474 sq. ft. was posted in the first half of this year.
  • Under construction space declined to 276,173 sq. ft., down 16.0% year-over-year.
  • Investment sales remained strong with over $39.6 million in sales volume recorded during the first half of 2019, up 5.6% over the previous half year.