• CSX, State Farm, JEA and McKesson are looking to optimize their office footprints.
  • Net absorption for Q2 2018 was (31,039) sq. ft.
  • The vacancy rate in Q2 2018 dropped 100 basis point (bps) year-over-year to 13.9%.
  • The average asking rate for Q2 2018 was $19.85 per sq. ft., a gain of 5.2% year-over-year
  • Tariffs on steel are increasing construction costs on shell construction by 10% to 20%.