Leasing volume rose 42.6% QoQ and 44.9% YoY, while under construction space surged 9.0% QoQ and 499.2% YoY, signaling a significant supply wave in the pipeline. Asking rent edged up 4.81% QoQ and 0.93% YoY, holding firm amid robust leasing and expanding development activity.

SALES TRENDS

Sales volume dipped 20.4% QoQ but more than doubled YoY at 119.8%, while average sale price per square foot surged 46.3% QoQ and 133.2% YoY, reflecting strong annual momentum in both transaction activity and pricing.