• Leasing activity totaled 1.69 million sq. ft. during Q4, down 7% from Q3 2019, but 28% above the five-year quarterly average.
  • The 2019 year-end leasing total of 7.30 million sq. ft. is the highest total since 2000.
  • 2019 leasing velocity totaled 9.7 million sq. ft. – up 47% from last year and the highest year-end total recorded.
  • Tenants migrating into the market accounted for 892,000 sq. ft. of leasing activity during Q4 2019 – 53% of the market total.
  • The availability rate increased slightly since Q3 2019, ending the quarter at 12.1% – a 30 bps increase.