• The overall industrial availability rate decreased this quarter, falling 40 basis points (bps) to 7.0%.

• Average asking net rents increased quarter-over-quarter, jumping $0.11 per sq. ft. up to $8.05 per sq. ft.

• The market experienced 149,494 sq. ft. of positive absorption in Q4 2018.

• 96,000 sq. ft. of new supply was added to the market this quarter of which approximately 75,000 sq. ft. has already been absorbed.

• The Burnside Industrial Park currently has 156,577 sq. ft. of industrial space under construction from three separate properties. Two properties will be single-tenant facilities, while the third is an 82,577 sq. ft. multi-tenant building which has seen significant pre-leasing.