An uptick in leasing activity and lack of new vacant space kept vacancy rates low...
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Class A sales surpassed Class B sale volume for the first time since 2022...
YTD absorption sunk beyond -45K SF after a second quarter of record low leasing activity...
ROCK's Research Analyst, Emily Klingler, offers insight into the Greater Hanover commercial...
Leasing activity was formidable and in line with historic norms, balking the slowing trends...
Balanced supply and demand helped stabilize vacancy with a nominal 2 bps increase to 2.71%...
Nationally, many retail tenants delayed leasing decisions in Q1 to await the potential outcome tariffs...
Nationally and locally, leasing activity within the industrial sector slowed as manufacturers monitored...
A lack of new construction and an uptick in larger spaces being leased pushed absorption...
Retail tenants still struggling to adapt to post-Covid consumerism were further pressured...
ROCK's Research Analyst, Emily Klingler, offers insight into the Greater Hanover commercial...
Overall absorption YTD stayed positive as local markets continued to maintain a healthy balance...
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