• Retail users leased 234,680 sq. ft. during Q3 2019, raising the year-to-date total to over 740,000 sq. ft.
  • The Salt Lake retail market was paced by fitness users in need of mid to big box space, along with strong representation from restaurant users.
  • Nearly 54,000 sq. ft. of overall net absorption was recorded during Q3 2019, as fitness users helped to rebound from Shopko’s recent vacancies.
  • The average asking lease rate decreased 2.6% year-over-year to $17.67 per sq. ft. NNN.
  • Winco broke ground on a new 85,000-sq.-ft. grocery store in the Southwest submarket, boosting active construction to 217,000 sq. ft. at the end of Q3 2019.