The Denver retail market did not experience much change in market conditions in the fourth quarter 2018. The vacancy rate went from 4.4% in the previous quarter to 4.2% in the current quarter. Net absorption was positive 738,275 square feet, and vacant sublease space decreased by 45,798 square feet. Quoted rental rates increased from third quarter 2018 levels, ending at $18.93 per square foot per year. A total of 28 retail buildings with 365,460 square feet of retail space were delivered to the market in the quarter, with 1,634,861 square feet still under construction at the end of the quarter.