• The overall vacancy rate for Q2 2018 stood at 5.8%, which is an increase of 20 basis points (bps) over the previous quarter, but is down 90 bps from Q2 2017.
  • Q2 2018 finished with net absorption of 446,332 sq. ft. This brings the year-to-date net absorption to 1.7 million sq. ft. This is a 35.6% increase in the year-over-year net absorption.
  • The direct average asking lease rate stood at $6.22 per sq. ft. Looking at the year-over-year change, there was a strong $0.24 increase from Q2 2017.
  • During 2018, private buyers lead the way with a total of 49% of sales, according to Real Capital Analytics (RCA).