• The overall industrial availability rate decreased 100 basis points (bps) to 8.7% in Q2 2018. The availability rate has fallen by 220 bps year-over-year.

• Average asking net rents increased quarter-over-quarter, jumping $0.08 per sq. ft. up to $7.91 per sq. ft.

• The market experienced 179,901 sq. ft. of positive net absorption in Q2 2018, the highest amount of leasing activity in the market since Q3 2016.

• The Burnside Industrial Park currently has 147,577 sq. ft. of industrial space under construction. As 57,871 sq. ft. of new supply came online this quarter, 82,577 sq. ft. of new industrial space began construction.