• Positive net absorption of 65,330 sq. ft. was recorded in Q2 2018 despite nearly 250,000 sq. ft. of Toys“R”Us closures in the metro Denver area.

  • Overall direct vacancy increased 40 bps quarter-over-quarter to 7.3%, inline with the 10-year average.

  • In Q2 2018, the average direct asking lease rate increased by $0.08 per sq. ft. quarter-over quarter to $18.76 per sq. ft. NNN.

  • Construction activity remained heightened with over 1.5 million sq. ft. underway with an additional 270,000 sq. ft. delivering this quarter.

  • Total transaction volume in Q2 2018 was $166.1 million with 17 retail properties priced above $3.0 million trading hands.