• Development remains active with 4.2 million sq. ft. under construction.
  • Active speculative construction surges to 5-year high at mid-year, totaling 2.8 million sq. ft.
  • Strong leasing during Q2 2018 extends robust expansion with 1.7 million sq. ft. leased.
  • 2.9 million sq. ft. of new deliveries at mid-year 2018.
  • Availability and vacancy both experienced increases during Q2 2018, to 5.3% and 3.3% for the overall market.
  • Quarterly absorption strong, netting 2,106,851 sq. ft. in Q2 2018 alone.