• Rates increased $0.05 quarter-over-quarter and $0.23 year-over-year to $2.49 NNN, the highest rate on record.
  • Net absorption was positive this quarter at 114,954 sq. ft.
  • Leasing activity increased 61.6% quarter-overquarter to 819,760 sq. ft., which drove down total availability to 6.5%.
  • Two major deliveries this quarter provided 178,642 sq. ft. of newly leased retail space.
  • Construction and renovations continue across the county, promising a new set of upscale retailers in the coming months.