• Market activity gets boost from new construction, though new completions are limited.
  • Big-box vacancy decreases with several large leases: Marshalls, TJ Maxx and Ollie’s Bargain Outlet.
  • Downtown Grand Rapids soon to welcome two grocers: Meijer and Gordon Food Service.
  • Toys R Us closing all local stores.
  • Consumer confidence and new tax rulings support positive outlook for brick-and-mortar retailers.
  • High demand for prime retail locations continues to drive rent growth.
  • Low unemployment and high consumer confidence kept retail sales growth healthy in Q2 2018.
  • Net absorption was positive in Q2 2018.
  • The overall availability rate decreased from 6.4% in Q1 2018 to 6.1% in Q2 2018.