MARKET TRENDS
- Leasing activity held steady at 0.7 million square feet (msf) in Q3, with the Central Business District (CBD) leading for the first time this year at 25.5% of overall leasing activity
- Availability rose to 21.4% as sublease space held at 1.9 msf. Class A CBD availability fell to 19.2%, supported by the U.S. Attorney’s 61,412-square-foot lease at 222 South Main Street
- Average asking rents held at $26.92 per square foot (psf) as concessions remained common, with top pricing expected to persist in Class A space in prime submarkets