• As of Q2 2018, the construction indicator recorded 911,000 sq. ft., 44% higher than in Q1 2018.
  • As of the first half of 2018, new supply was approximately 1.0 M sq. ft., compared to 1.3 M sq. ft. over the same period last year.
  • The vacancy rate closed at 6.3% compared to the 2.9% recorded during the same quarter of the year before.