• Just over 2.0 million sq. ft. of space was absorbed in the second quarter of 2020, bringing the year-to-date absorption total to just over 8.2 million sq. ft.
  • Availability increased 8 basis points from the previous quarter to 7.6%.
  • Vacancy increased 20 basis points to 5.9%.
  • Deliveries totaled 3.5 million sq. ft. and were 20.6% pre-leased.
  • The under construction pipeline totaled 23.2 million sq. ft. and were 19.2% pre-leased.
  • CBRE Research tracked 5.0 million sq. ft. in new deals signed in Q2 2020.