• Miller Electric will occupy 123,000 sq. ft. at 6805 Southpoint during the first quarter of 2019.
  • Net absorption for Q4 2018 was 107,984 sq. ft.
  • The vacancy rate in Q4 2018 rose 60 basis points (bps) year-over-year to 15.0%.
  • The average asking rate for Q4 2018 was $19.78 per sq. ft., a gain of 3.6% year-over-year.
  • Construction costs continue to escalate but at a slower pace.