• In the fourth quarter of 2017, net absorption reached 167,413 sq. ft. This was a notable improvement from the same time last year when net absorption totaled 62,147 sq. ft.

  • Net absorption in Q4 2017 was bolstered by the East Central and Northwest submarkets, which accounted for 87,882 sq. ft. and 55,188 sq. ft., respectively.

  • Strong demand in Q4 2017 pushed the marketwide vacancy rate down 170 bps quarter-over-quarter to 12.6%. On a year-over-year basis, vacancy decreased by 300 bps.

  • No new office product was delivered during the second quarter of 2017, while 150,000 sq. ft. BTS for Caterpillar broke ground in the West Central submarket.