• Leasing activity totaled 1.81 million sq. ft. during Q3, 1% higher than Q2 2019, and 38% above the fiveyear quarterly average.
  • Year-to-date 2019’s 5.61 million sq. ft. is the highest leasing total through three quarters since 2000.
  • Tenants migrating into the market accounted for a staggering 676,000 sq. ft. of leasing activity during Q3 2019—37% of the market total.
  • The availability rate sharply decreased since Q2 2019, ending the quarter at 11.8%—a 120 basispoint (bps) compression.
  • Net absorption totaled 1.05 million sq. ft. during Q3 2019, the highest quarterly total since Q2 2014.