• Annual net absorption fell to 914,951 in Q2 2018 despite the 494,916 sf of net absorption posted over the quarter
  • The overall vacancy rate tightened to 4.3% in Q2 2018 and the overall availability rate similarly fell over the quarter, ending Q2 2018 at 6.6%
  • Average asking rent fell to $4.76 in Q2 2018
  • Richmond's overall development pipeline grew to 355,000 in Q2 2018