• As expected, COVID-19 affected market fundamentals in the second quarter, demonstrated by an increase in negative absorption and decrease in leasing activity.  Most of the activity was driven by large, national users, and not small to mid-sized, local firms. 
  • Across the market, leasing activity was driven by technology users as they accounted for 35% of total market leasing volume. 
  • Investment sales activity declined to $32.4 million in the second quarter, down from $65.9 million in Q1.