• Despite a dip in quarterly absorption, year-to-date net absorption was strong at nearly 358,000 sq. ft.
  • Direct vacancy in Q2 2019 increased to 7.2%, down 10 bps year-over-year.
  • The average direct asking lease rate held steady at the all-time high of $19.60 per sq. ft. NNN, a 4.5% increase year-over-year.
  • The construction pipeline remained healthy with 1.5 million sq. ft. under construction in Q2 2019.
  • Investment sales priced $3.0 million and greater totaled $140.8 million and averaged $237.12 per sq. ft. in Q2 2019.