• Positive net absorption of nearly 149,000 sq. ft. was recorded in the Downtown submarket in Q3 2019, bringing year-to-date net absorption to over 710,000 sq. ft.
  • The average direct asking lease rate was $36.66 per sq. ft. FSG in Q3 2019, an increase of 2.8% year-over-year.
  • Direct vacancy in the submarket decreased for the fifth consecutive quarter to 12.8%, down 240 bps over Q3 2018.
  • Over 1.3 million sq. ft. of office construction was underway in Downtown, accounting for 45.2% of all office developments under construction metro-wide.
  • Leasing in the Technology sector was driven by 2U’s expansion at 707 17th St, totaling 91,500 sq. ft.