South Florida strength supporting operational gains in West Palm Beach. Average vacancy is tightening as the market builds on an eight-year streak of positive net absorption. Although completions this year will hit the highest level since 2009, rapidly falling vacancy at the top of the market has been a sign that the area is starved for Class A space. Pre-leasing activity has already pulled 75 percent of the scheduled inventory for the year off the market. Leases signed during 2018, which are a leading indicator of space demand in 2019, show companies updating and expanding their footprints. None of the largest 20 leases was a renewal. Firms are scouring the market for adequate space need to grow. As companies expand their footprints, job growth will remain consistent. Office-using employment is expected to increase 2.3 percent by year end as the professional and business services sector adds to headcounts.