• 2013 leasing activity was strong despite leases taking significantly longer to close. Large wholesale activity wasn’t concentrated to two or three markets as this was the first year that multiple markets each had significant leasing activity.
  • We will continue to see a drop in large blocks of plug-n-play space as competition increases, developers are more focused on just in time inventory.
  • Interesting dichotomy of existing/future supply in the various submarkets (current inventory/space under construction) such as Chicago(4MW/1.8MW), Dallas(19.9MW/10.8MW) and Santa Clara(30.9MW/14MW).

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