• As of the close of Q1 2020, el 38% of the activity under construction was speculative space, an amount exceeding 1.1 million Sq. ft.
  • Over753 thousand Sq. ft. of pre-leased space was added, which accounts for over 90% of new supply.
  • The vacancy rate reached 4.6% versus 5.0% in Q1 2019, driven by the completion of new supply that entered as pre-leased in Q1 2020.