• Monthly leasing activity totaled 427,000 sq. ft., down 11% from the five-year monthly average of 478,000 sq. ft.
  • Year-to-date leasing activity was up 9% from the same period last year.
  • No renewals occurred in November, leaving the year-to-date total at 1.13 million sq. ft.
  • The availability rate increased 40 bps from last month to 9.8% and was down 60 bps year-over-year.
  • Net absorption was negative 282,000 sq. ft. in November, bringing the year-to-date total to negative 258,000 sq. ft.