Market Trends
- Central Business District (CBD) availability has declined slightly this quarter for the first time since 2019 reversing a trend of continual increases since the pandemic's onset.
- Leasing activity exceeded the 5-year quarterly average for the second consecutive quarter, signaling a possible stabilization in the market.
- Asking rates rose across the market, with the CBD observing a climb back to early 2020 levels while suburban submarkets inched upward by a much more gradual amount.