• Greater LA reported positive absorption for the 9th year in a row at 1.2-million sq. ft.
• Overall vacancy is the lowest since 2016 at 13.9% across the region.
• Asking lease rate was $0.07 higher than Q4 2018 at $3.45 sq. ft./month FSG.
• Construction completions were below average in 2019, however there is more product under construction across the region than in the past 18 years at 4.5 million sq. ft.