•Vacancy along the I-78/I-81 Corridor continued to hover around the 6.0% mark and rose only slightly 30 basis points (bps), year-over-year. The rate should remain low with multiple large tenants active in the market.

•Development activity was healthy in the second quarter of 2018 with over 11.0 million sq. ft. under construction. There were only three new construction starts this quarter, which indicates developers are displaying some caution.

•Lease rates rose to their highest historical levels in Q2 2018. There was an impressive 8.0% increase in pricing, year-over-year. With the market starting to see a supply-demand balance, expect rent growth to continue, but not as rapidly as observed in previous quarters.

•Investors from overseas have been the most active buyer pool thus far in 2018 and should continue to make aggressive plays on logistics space throughout the Corridor.