Tech industry growth expectations and dwindling supply led to a surge in leasing activity. In 2018, there was 12 million sq. ft. leased, 21 deals 100,000 sq. ft, or more, 3.9 million sq. ft. of positive net absorption and 11% growth in average asking rents to $81.04 – all new record highs. Critically low office space supply were both the result of and reason for these surges as expanding tech firms seek to secure their growth paths.