• Vacancy levels remained below 4.0% for the fifth consecutive quarter.
  • Positive net absorption of 526,304 sq. ft. was recorded in 2017 – the greatest annual amount this business cycle.
  • The average direct asking lease rate increased 9.7% year-over-year to $9.84 per sq. ft. triple net (NNN) – a record high.
  • At the end of 2017, there was 804,031 sq. ft. of industrial space under construction and 533,525 sq. ft. of new space delivered in the year.
  • Industrial sales volume reached $150.3 million in 2017 – the highest annual volume on record since 2007 when it was $193.3 million.