• Positive net absorption of 185,670 sq. ft. was recorded in the Downtown submarket in Q2 2019, bringing year-to-date net absorption to 561,215 sq. ft.
  • The average direct asking lease rate was $35.66 per sq. ft. FSG in Q2 2019, an increase of 2.1% year-over-year.
  • Direct vacancy in the submarket decreased for the fifth consecutive quarter to 13.4%, down 207 bps over Q2 2018.
  • Over 1.0 million sq. ft. of Downtown office construction was underway in Q2 2019, accounting for 43% of all office developments metro-wide.
  • 410 17th St in the Mid-CBD micromarket was the largest office sale in Q2 2019, trading for $127.3 million.