• In Q3 2019, the overall availability rate dropped 10 basis points (bps) down to 6.4% on the quarter.

• The market saw a significant level of activity, observing 113,270 sq. ft. of positive net absorption this quarter.

• Average asking net rents climbed $0.02 per sq. ft. quarter-over-quarter to $8.18 per sq. ft.

• 118,086 sq. ft. of industrial space came online in Q3 2019.

• One industrial building is currently under construction in the Burnside Industrial Park totaling 62,000 sq. ft.