• Positive net absorption of 63,160 sq. ft. was recorded in Q3 2019. Year-to-date net absorption remained negative at 92,159 sq. ft.
  • The average direct asking lease rate reached $26.19 per sq. ft. FSG, a 4.0% increase year-over-year.
  • Direct vacancy in the Southeast submarket decreased by 17 bps quarter-over-quarter to 12.2%.
  • Investment sales volume in the submarket reached $539.1 million in Q3 2019, bringing year-to-date office sales to over $788.7 million.
  • The 450,000-sq.-ft. build-to-suit for the Kiewit Regional Office, located in the Meridian/Douglas County micromarket, broke ground and is expected to deliver in Q2 2021.