• Near record 7.3 million sq. ft. of positive net absorption in 2020.

  • Overall vacancy rates decreased 110 basis points (bps) quarter-over-quarter.

  • At the end of Q4 2020, 7.3 million sq. ft. remained under construction. An additional 3.8 million sq. ft. has been announced, setting 2021 up for a record year of development in the market.