•             After a record breaking 2017, net absorption cools during the first half of 2018

•             Asking rates have increased year-over-year by 6.5% to $4.77 per sq. ft.

•             Total Vacancy: 6.8%

•             Net Absorption: 3.0 million sq. ft.

•             Construction: 15.3 million sq. ft.

•             Deliveries: 3.9 million sq. ft.