Year to date absorption remains at a negative 71,663 square feet.
The 3rd quarter numbers were an improvement over the 2nd quarter negative 168,774 square feet of absorption.
Vacancy totals 10.8%, an improvement over the second quarter’s 12.1%.
Warehouse space continues to outperform flex space with 118,087 square feet of positive absorption for the quarter.
The warehouse market has totaled 583,000 square feet of positive net absorption year to date compared to 655,000 square feet of negative absorption in the flex market.