• Leasing activity totaled 290,000 sq. ft. in H2 2019, 48% below the H1 2019 leasing activity total of 558,000 sq. ft. and 12% behind the half-year average witnessed over the past three years.
  • Leasing activity in 2019 totaled 848,000 sq. ft., 14% above 2018’s annual leasing activity 742,000 sq. ft.
  • Renewal activity, which is not counted in leasing activity, totaled 224,000 sq. ft. in H2 2019, bringing 2019 total renewals to 342,000 sq. ft .
  • Absorption was positive 69,000 sq. ft. in H2 2019 bringing the annual total to negative 1.04 million sq. ft.
  • The availability rate at year-end was 24.2%, down 50 basis points (bps) from H1 2019, but up 750 bps from 2018.