• Direct vacancy dipped to a record low level of 5.0% in Q4 2019, down 61 basis points from Q4 2018.
  • The average direct asking lease rate was $14.30 per sq. ft. triple net at the end of 2019, a $0.07 decrease year-over-year.
  • Positive net absorption of 219,103 sq. ft. was recorded in 2019—more than double the volume of net absorption posted in 2018.
  • Four projects totaling 32,000 sq. ft. delivered in H2 2019, all in either the Northeast or Central submarkets, bringing the year-to-date completions to nearly 69,000 sq. ft.
  • In H2 2019, 39 properties traded hands totaling $255.1 million in sales volume. The increased sales activity during the second half of the year helped push annual volume to a record high of $345.0 million.