• Monthly leasing activity totaled 324,000 sq. ft., 24% below the five-year monthly average of 429,000 sq. ft.
  • Year-to-date leasing activity was up 26% compared to the same period last year.
  • Renewals totaled 1.27 million sq. ft. in November, bringing the year-to-date total to 2.31 million sq. ft.
  • The availability rate compressed 20 bps from last month to 11.6% and was down 180 bps from a year ago.
  • Net absorption was positive 96,000 sq. ft. in November, bringing the annual total to 1.19 million sq. ft.