• The market-wide availability rate declined 40 bps during Q3 2021 from 27.2% to 26.8%, with available space totaling 22.9 million sq. ft. 
  • Direct average asking rents remained steady throughout Q3 2021 bringing the overall market average to $76.08. Direct average asking rents remained steady throughout Q3 2021 bringing the overall market average to $76.08. 
  • Leasing activity totaled over 2.5 million sq. ft. in Q3 2021, a 25% increase compared to Q2 2021.