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New construction of 1.5 million sq. ft was the bottom level of completions since 2013. Net absorption of 1.9 million square feet was the highest since the first quarter. Asking rents elevated 0.5{1cbe35370297a2466e6b199769c449faf16f0a5d69f572f9b19ff79a89501e97} to $20.85 per square foot. This enhance amounts to $zero.10 per square foot. The effective hire elevated 0.5{1cbe35370297a2466e6b199769c449faf16f0a5d69f572f9b19ff79a89501e97} as concessions will not be as important in retail actual property as they’re in the condominium … Read More