A strong showing from a wide spectrum of retail tenants propelled leasing activity in Q4 2018, leading to 150,553 sq. ft. of positive net absorption. Overall vacancy stubbornly refused to budge quarter over quarter remaining at 5.1% for the quarter and only down slightly year over year. Average asking lease rates dropped slightly to $2.42 per sq. ft. due to a large amount of leased space affecting the average weighted rent in the market. No new developments completed construction during the term, but the 493,286 sq. ft. of new shopping center space currently under construction are expected to deliver in the very near future.