• The Southeast submarket posted 139,562 sq. ft. of positive net absorption in Q1 2020, a 9.4% increase quarter-over-quarter.
  • The average direct asking lease rate increased by $1.08 or 4.2% on the year to $26.77 per sq. ft. FSG.
  • Direct vacancy decreased by 12 bps quarter-over-quarter and 129 bps year-over-year to 11.3%.
  • The submarket’s development footprint increased to 1.1 million sq. ft.—the highest level in over three years.
  • The largest sale in the submarket this quarter was the $54.0 million ($129.79 per sq. ft.) trade of Triad at Orchard Station located in the Greenwood Plaza micromarket.