• The average asking lease rate increased 4.1% in OC year over year, the highest growth achieved in the past four quarters.
  • Despite new construction added to the base in Q3 2019, strong leasing of new and existing space kept the vacancy rate below 10%.
  • Net absorption totaled 309,269 sq. ft. in Q3 2019 and 904,383 sq. ft. year-to-date led by new construction and strong leasing in SOC and the GAA.