• Q1 2020 closed with a vacancy rate slightly higher than that reported as of the close of Q1 2019, increasing from 3.9% to 4.3%.
  • Net Absorption recorded as of the close of the first quarter was 714,000 sq. ft., whereas Gross Absorption closed at 346,000 sq. ft.
  • Average lease price remains stable, with similar ranges to those reported in 2019. By Q1 2020, average lease price closed at US$5.18 per sq. ft. per year.