• Positive net absorption of 106,226 sq. ft. was recorded in Q4 2018, bringing annual 2018 net absorption to 845,786 sq. ft.
  • The average direct asking lease rate increased to $25.61 per sq. ft. FSG in Q4 2018, an increase of 1.7% quarter-over-quarter.
  • Direct vacancy in the Southeast submarket decreased 63 bps year-over-year to 11.6%.
  • The sale of 6200 S Quebec Street for $85.2 million in the Greenwood Plaza micromarket marked the largest transaction of the quarter in the Southeast submarket.
  • The largest leases signed in the Southeast submarket in Q4 2018 were CACI (45,047 sq. ft.) at 7800 E Union Avenue and Newmont Mining (32,975 sq. ft.) at 6900 Layton Avenue, both in the DTC micromarket.