• The average lease asking price was recorded at US$4.72 per sq. ft. per year, which is in line with the same period in 2019.
  • New supply in 2020 was reported at 5.1 million sq. ft., 9% more than what was recorded in all of 2019.
  • Construction was reported at 4 million sq. ft., an increase of 22% versus Q3 2020 due to the start of construction of eight build-to-suit developments and three speculative spaces.