Solid Quarter One Creates Momentum for Active Industrial Market in 2018
Vacancy and Absorption Trends
The first quarter of 2018 brought a continuation of Q4 vacancy and absorption trends, as once again, positive absorption has led to an improving vacancy rate. 275,000 square feet of multi-tenant space was absorbed in Quarter One, which marks the seventh straight quarter of positive absorption in the multitenant market. Q1 absorption figures are generally lower than other time periods of the year, but this quarter still outpaced Q1 of 2017 by 200,000 square feet.