• Strong leasing activity in Q4 2018 caused the vacancy rate to decrease to 7.1%, 150 basis points lower from Q4 2017.
  • Several new grocery stores opened in 2018 including: Sprouts Farmers Market, La Bonita, and Cardenas.
  • Shrinking vacancies caused the overall asking NNN lease rate to increase to $1.60 per month, the highest rate since 2010.