• Direct vacancy decreased 40 basis points (bps) over the previous half year.
  • The average direct asking lease rate was $14.32 per sq. ft. triple net (NNN) at the end of Q2 2019, a $0.56 increase over Q4 2018.
  • Positive net absorption of 142,355 sq. ft. was recorded in H1 2019, down 2.4% over H2 2018.
  • Three projects totaling 36,610 sq. ft. delivered in H1 2019, all in the Northeast submarket.
  • 28 properties traded in H1 2019, totaling $84.5 million in sales volume.