For the 29th consecutive quarter, net absorption remained positive. During Q2 2018, the industrial market experienced over 881,000 thousand sq. ft. of positive absorption.
Average availability rate decreased slightly from 3.82% to 3.78% quarter-over-quarter. This is the 2nd straight quarter it has been below 4%.
This is the second consecutive quarter that the vacancy rate has fallen below 2.0%, an all-time low for the market.
5 buildings delivered during Q2 2018, accounting for over 339,000 thousand sq. ft. of industrial space added to the market.