• The Q4 2020 direct vacancy rate saw a slight decrease of 10 basis points to 12.4%.
  • Net absorption for Q4 2020 was 49,504 sq. ft., bringing the year-end total to 4,691 sq. ft.
  • Office space under construction totaled 335,519 sq. ft. at the end of Q4 2020.
  • The overall full service gross average asking lease rate held steady at $2.20 per sq. ft.