Apartment distress climbed from 6% in February to 13% in July, while the office rate declined by nearly five percentage points.

Industrial investment jumped 28% while office volume fell 21% and overall net-lease pricing remained relatively stable.

The developer has filed plans in hopes of delivering over 600 new housing units to the Soundview neighborhood.

INNOCEAN USA's new 100,000 square foot lease serves as a major influence, following a flock of other big recent deals in the area.