- Occupier Activity Sluggish in Q1 New occupier transactions totaled 1.9 MSF in all submarkets, down from 2.6 MSF in Q1 18.
- Vacancy Rates Return to Historic Norms Eastern PA’s vacancy stands at 7.9%, up from 6.2% in Q1 2018.
- Construction Starts in 2019 to Return to Normal Levels After All-Time High in 2018 An unprecedented 23.6 MSF of new inventory is under construction, 28% of which is committed.
- New Development Skews Large Of the 34 buildings under construction at the end of Q1, including speculative, build-to-suit, and pre-leased facilities, eleven are greater than 1 MSF.
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