Up to Q3 Net Absorption recorded 961 thousand Sq. ft., more than double the figure reported in all 2019.

  • The average asking price closed at US$4.64/sq. ft./year, which is US$0.09 above Q3 2019.
  • Last month saw the start of construction of a 167 thousand sq. ft. speculative space. The under construction indicator closed the quarter at 607,294 sq. ft.
  • The vacancy rate closed at 1.4%, 2.8 basis points lower than in the same period last year.