The availability rate rose by 50 basis points (bps) to 20.8%, the third consecutive
The average asking lease rate was stable at $27.28.
Leasing activity increased 256%, from Q2 2020 to 1.25 Million Sq. Ft.
Net absorption was negative for the third consecutive quarter, largely due to
sublease space flowing back to the market.
By the end of August, employment had increased to 3.82 million positions, or 90%
of February employment levels