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