• The metro’s office-using year-over-year growth of 2.2% outpaced the state by 30 basis points (bps). This was driven exclusively by the Professional and Business Services industry which grew by 3.3%. 
  • Q3 2018 saw positive absorption and a decline in vacancy for the first time since Q3 2017. The market-wide vacancy fell by 10 basis points quarter-over-quarter. 
  • The quarter registered 60 leasing transactions and 285,000 sq. ft. of gross absorption.
  • Q3 2018 saw a total of 921,500 sq. ft. and $46.3 million in investment sales.