MARKET TRENDS
- At 0.6 million square feet (msf), leasing volume improved from the previous quarter, and approached the 5-year quarterly average.
- Several new locations and expansions were among the market’s top deals, with leases signed by several financial services & insurance firms.
- Rent growth has outperformed in the Class A segment, rising by 5.1% year over year, nearly double the overall market increase.