• After only three quarters, net absorption across the Northeast Corridor nearly reached last year’s totals while construction completions will easily outpace 2019 levels.
  • Overall asking rents dipped slightly, quarter-over-quarter, but are up annually, especially in markets further away from NYC.
  • While overall construction activity dipped during Q3 2020, nearly half of current construction is leased, pointing toward continued demand for new logistics space.
  • Unprecedented online sales growth resulted in significant leasing activity from e-commerce operators, especially nearer urban cores.
  • Overall sales volumes slowed in recent months, but levels remained near the 10-year average