• Speculative projects under construction surge to all-time high of 4.2 million sq. ft.
  • Seven new leases over 50,000 sq. ft. underpin strong quarter of leasing.
  • Overall market achieved lease rates increase 8.7% year-over-year to $0.50 PSF NNN.
  • Year-to-date net absorption climbs to 2.7 million sq. ft. amid steady demand.
  • Amazon leases second fulfillment center in Salt Lake, totaling 1.3 million sq. ft.