Market rates rise across sectors while net absorption remains negative in second half of 2017.
- Availability rate increased to 7.6%, a 20 basis point increase over H1 2017
- Big box average asking lease rates rose $0.55 psf to $7.63 psf
- Small shop average asking lease rates increased by $0.26 psf to $17.47 psf
- Net absorption was (146,615) sq. ft. in the half and (355,825) sq. ft. for the year