• Leasing activity increased substantially quarter over quarter and year over year, reaching nearly 700,000 sq. ft. in Q4.
     
  • Despite significant activity, several large move-outs drove net absorption negative and the vacancy rate to 5.2%.
     
  • Unique food and beverage concepts are driving new and revitalized centers across the county and CBRE Econometric Advisors projects a 3.5% increase in sales throughout the county next year.
     
  • The average asking lease rate was unchanged quarter over quarter but was up $0.01 year over year to $2.45 NNN per sq. ft.