Quarterly leasing velocity totaled almost 1.3 million
sq. ft., a 54.9% decrease from Q1 2020.
The availability rate fell by 50 basis points (bps) to
8.0% from Q1 2020.
Net absorption was over 575,000 sq. ft. in Q2
2020, down from 844,476 sq. ft. in Q1 2020.
Average asking rents and average asking sale prices
remained constant quarter-over-quarter.