• Net absorption for Q3 2021 finished at -436,371 sq. ft. with Chase Tower vacates responsible for driving net absorption negative
  • The vacancy rate rose for seven straight quarters, settling at 20.0%.
  • Under construction product sits at 1.5M sq. ft. with 28.1% preleased.
  • The average full service gross asking lease rate decreased to $28.86 in Q3 after reaching $29.12 in Q2, the highest ever recorded (historical data begins in 1999).