• Industrial absorption was flat over Q1 2019, with (58,774) in negative absorption posted for the first three months of the year.  
  • Interest among occupiers remains strong with just over 13.2 million sq. ft. in active requirements, tracked by CBRE Research.
  • CBRE Research tracked nearly 1.8 million sq. ft. in new leases or expansions signed during Q1 2019.
  • The construction pipeline was observed to be 13.8 million sq. ft. at the end of Q1 2019 and was 38.9% pre-committed.
  • Absorption of nearly 350K sq. ft. within the North submarket resulted in a submarket vacancy rate decline to 6.2%.