• Overall industrial availability decreased to 3.6% quarter-over-quarter, remaining at or below 5.0% since Q2 2016.
  • The vacancy rate decreased by 40 basis points (bps) to 2.5%, quarter-over-quarter.
  • Year-over-year, average asking lease rates increased $0.33, from $3.88 to $4.21 per sq. ft. NNN.