• Supply is not keeping up with demand, pushing up rental rates and causing users to become more efficient in their space.
  • Vacancies remain below national average.
  • Industrial users are seeking space in non-traditional buildings.
  • Continued demand and insufficient inventory of space has prompted interest in build-to-suit development; however, it is tempered due to high labor and material costs.
  • The local medical marijuana industry has removed significant blocks of vacancies in several municipalities via property sales and options.