• Several store closures, most notably a Sears Grand in the southwest submarket, contributed to -115,338 sq. ft. of net absorption in Q1 2019.
  • The overall average asking lease rate increased to $1.65 (NNN) the highest rate since 2010.
  • At the close of Q1 2019 there were 12 projects under construction totaling 764,636 sq. ft.