• 156,473 sq. ft. of positive net absorption was registered in Q4 2018 with the vacancy rate declining to the lowest level in recent market history at 4.6%, down 35 bps from last quarter and 114 bps from one year ago.
  • The 510,940 sq. ft. of positive net absorption for the year was the third highest since 2008.
  • The lack of new speculative supply, coupled with tightening availability, has forced tenants looking for space to defer moving or expanding and slowed the activity level.
  • Owner-built and build-to-suit projects will continue to be attractive options for industrial occupiers.