MARKET TRENDS
- Demand continues to concentrate in high-quality Class A buildings, especially in suburban areas, as tenants prioritize premium assets with modern amenities and efficiency
- Availability remains elevated across the market but is showing signs of stabilization, with notable improvement in the CBD and select Class A segments offsetting broader softness
- New construction activity remains extremely limited, with only one project underway, helping constrain future supply and support rent growth in top-performing submarkets