• Vacancy rate remained flat from previous quarter at 4.2%.
  • The average asking lease rate declined $0.07 from $4.16 to $4.09-per-sq.-ft.
  • Four projects were completed in Q2 2018, totaling 386,000 sq. ft. Another eight projects, totaling one million sq.-ft. are under construction.
  • Net absorption was positive 471,963 sq. ft.
  • Investment sales volume decreased just over seven percent in Q2 2018, from $69.5 million to $64.4 million.