• Q3 2020 marked the 40th consecutive quarter of positive net absorption, coming off four years of annual absorption surpassing 20 million sq. ft.
  • Quarterly absorption totaled 6.7 million sq. ft., bringing the year-to-date absorption total to 14.9 million sq. ft. for the first three quarters of 2020.
  • The market-wide vacancy rate was relatively flat over the quarter, contracting  by 8 basis points to 5.8%.
  • The availability rate increased slightly over the quarter by 20 basis points to 7.8%.
  • Product under construction totaled nearly 22.3 million sq. ft. and was 18.3% preleased.
  • Delivered projects over the quarter totaled 9.8 million sq. ft. and were 34.5% preleased.
  • Year-to-date deliveries totaled 18.8 million sq. ft.
  • CBRE Research is tracking just over 12.1 million sq. ft. in active tenant requirements over 100K sq. ft. as of the end of the third quarter.
  • The Research Team has tracked 118 executed transactions over 100K sq. ft. totaling nearly 36.3 million sq. ft. so far in 2020.