‒ Total vacancy compressed slightly to 4.2% to conclude 2025, reflecting a six-basis-point decrease since Q3 2025.
‒ Average direct asking rents reached a new record high of $10.30 per sq. ft. NNN, a 6.2% increase from the prior quarter.
‒ Total net absorption of 778,940 sq. ft. for the quarter represented a substantial 71.5% increase over Q3 2025 and a sharp reversal from the negative absorption seen at year-end 2024.