• As new buildings such as the Boardwalk and the Quad deliver, landlords competed to keep existing tenants by adding high-quality amenities.
  • The county-wide vacancy rate dropped from 11.1% in Q4 2017 to 10.1% in Q4 2018, nearing single digits while availability fell to 14.8%, its lowest rate in more than a decade.
  • The average asking lease rate increased to $2.96 per sq. ft. per month, up $0.08 or 2.8% year over year.