Large leases lead to positive net absorption
The Sacramento retail market posted 88,585 sq. ft. of positive net absorption in Q2 2018, which brought the year-to-date total to 141,794 sq. ft. The market vacancy rate has been declining over the past two years and this quarter followed the same trend. In fact, the vacancy rate decreased by 20 basis points (bps) to finish Q2 2018 at 8.2%.