• Over 5.1 million sq. ft. of positive net absorption year-to-date.

  • Overall vacancy rates increased 30 basis points (bps) quarter-over-quarter, a result of over 1.3 million sq. ft. of vacant speculative space delivered in the quarter.

  • At the end of Q3 2021, 10.3 million sq. ft. remained under construction after 1.9 million sq. ft. was completed in the quarter. A total of 6.7 million sq. ft. was completed year-to-date, which was 68.6% occupied at the end of Q3 2021.