Total vacancy was 11.2% in Q4 2018 rising 10 bps year-over-year.
Net absorption during Q4 2018 was 76,133 sq. ft., with 38,107 sq. ft.in the downtown submarkets and 38,026 sq. ft. in the suburban submarkets.
New to market tenants are currently seeking to occupy over 397,000 sq. ft. in the coming months.
Tenants seeking space in the market have requirements for 1.9 million sq. ft. Business services, which includes co-working providers, legal and financial services were the top industries in the market.