Bradford Allen is pleased to share our Q4/19 office market reports. This quarter, in the downtown office market:
This quarter in the downtown office market:
- Net absorption was positive 1.12 million square feet for the quarter and positive 2.32 million square feet for the year.
- Quarter over quarter, direct availability rose to 14.35% from 14.02% and the direct vacancy rose to 9.49% from 9.3%.
- Year over year, gross average asking rates climbed to $41.25 p.s.f. from $40.51 p.s.f.
To read the full report, click here.