• Positive net absorption of 429,249 sq. ft. was recorded in Q4 2019, bringing annual net absorption to just under 2.0 million sq. ft.—marking it the second highest annual net absorption since 2014.
  • The average direct asking lease rate at year-end 2019 was $28.62 per sq. ft. FSG, a 1.0% increase from 2018.
  • Direct vacancy was down 50 bps year-over-year to 11.6%.
  • Investment sales volume totaled $524.5 million in Q4 2019, rounding out the annual 2019 sales total at $2.9 billion—just below the $3.0 billion volume recorded in 2018.