• The IE retail market led the charge in leasing activity at the tail end of 2018. Healthy demand from newer big box tenants pushed down vacancy  to 8.3%.
  • Average asking lease rates dropped marginally to $2.03 per sq. ft. as the supply of higher price spaces diminished toward the end of the year.
  • Renaissance Marketplace completed construction in Q4 2018 bringing the total sq. ft. of new retail space completed in 2018 to 955,249 sq. ft.