The Louisville retail market finished with the first full year of positive net absorption since 2012.

  • Net absorption was 81,639 sq. ft.
  • Availability rate decreased just 10 basis points to 7.2%
  • Big box average asking lease rates increased by $0.41 psf to $9.33 psf
  • Small shop average asking lease rates declined by $0.13 psf to $17.14 psf
  • Marketwide average asking lease rate increased by $0.46 psf to $12.79 psf