Strong Occupancy Trends Lead State to Declining Vacancy Levels

11/17/16

Statewide vacancy decreased 100 basis points (bps) year-over-year.

At the close of Q3 2016, year-to-date net absorption was nearly 10.9 million sq. ft.

The overall state lease rate improved 6% year-over-year.

E-commerce distribution center deliveries contributed 2.1 million sq. ft. in Polk County.

Year-to-date sales volume of $1.2 billion was recorded at the close of the third quarter, holding steady compared to 2015.