MARKET TRENDS
- Leasing activity of 0.6 million square feet (msf) was up from a year ago, boosted in part by a handful of firms either planting new flags or expanding within existing premises
- The market’s overall availability rate increased for the sixth consecutive quarter to 20.9%, with the CBD-Periphery and Southeast submarkets exhibiting the most notable growth
- Occupier preference for best-in-class, highly amenitized properties was exhibited by the top five lease transactions occurring in Class A assets