• Annual net absorption rose to 1,759,242 in Q3 2018 following 808,601 sf of net absorption in Q3 2018
  • The overall industrial vacancy rate tightened to 3.2% in Q3 2018 while the overall availability rate rose slightly over the quarter, ending Q3 2018 at 6.7%
  • Average asking rent for the overall industrial market climbed to $4.99 in Q3 2018
  • Following a sizable delivery, Richmond's overall development pipeline slipped to 1,990,349