• H2 2020 closed with negative net absorption of 333,250 sq. ft., a decline of roughly 74,000 sq. ft. compared to both H1 2020 and H2 2019.
  • The market-wide vacancy rate increased by 279 basis points compared to H1 2020. 
  • The office market registered 446,000 sq. ft. of activity through 83 new leases and 27 renewals.
  • Two speculative and two build-to-suit projects, totaling 179,490 sq. ft., were delivered during H2 2020.