• Net absorption for Q3 2021 was more than 2.5 million sq. ft., bringing the year-to-date total to more than 8.0 million sq. ft.
  • More than 2.0 million sq. ft. of space completed construction in the third quarter.
  • The monthly average asking lease rate reached a record high of $0.90 per sq. ft., 5.0% higher from last quarter.
  • More than 3.7 million sq. ft. of space broke ground during the quarter bringing the total space under construction to nearly 11.7 million sq. ft.