• Net absorption for 2020 finished at -1,051,047 sq. ft., the lowest on record.
  • The vacancy rate rose for four straight quarters, settling at 17.4% for the year.
  • Under construction space sits at 2.3 million sq. ft., 37.7% of which is pre-leased.
  • Full service gross asking lease rate continued to increase to $28.11, the highest ever recorded (historical data begins in 1999).