• The office market experienced a 20 basis point (bps) decrease in vacancy quarter-over-quarter from 13.4% in Q4 2017 to 13.2% in Q1 2018. 

• The office market was relatively flat in Q1 2018 with 6,192 sq. ft. of office space coming off the market. 

• Average asking net rents decreased by $0.08 per sq. ft. quarter-over-quarter down to $12.38 per sq. ft. in Q1 2018.

• The downtown market saw positive absorption quarter-over-quarter while the suburban market experienced a minor amount of negative absorption.