• 5-year high of active construction of 3.9 million sq. ft.
  • Overall net absorption for 2017 of 3.8 million sq. ft.
  • Average asking lease rate increases to $0.49 PSF NNN.
  • Record big-box leasing contributes to historic year and 6.9 million sq. ft. in new leases.
  • 901,136-sq.-ft. big-box delivers in Q4 2017, bringing annual total to 2.9 million sq. ft. in new deliveries.
  • Steady demand results in continually improving fundamentals, as availability and vacancy decrease to 4.7% and 3.1%.
  • Northwest quadrant continues representing bulk of activity with a heavy majority of overall absorption and construction activity.
  • New leases over 100,000 sq. ft. have record year with 17 new leases, almost three times the historical annual average.