Even keep some in stock, bonds and t-bills in a low fee index fund (that is boarderline sacrelidge on this site but since you already have a good nest egg good to stay diverse)2.

A diverse economy and population growth is where you want to be.  

So for instance junior box wants 12 a sq ft where smaller spaces pay 18 sq ft.You also give a more diverse tenant mix to the center and have lower breakeven occupancy serving the debt.You have 16,000 sq ft and the 12,000 sq ft represents 75% of your space.

Future investments will be scrutinized a little bit closer but I see diversity (buying more in that area while building relationships) being a way to reduce risk.From a risk perspective, I see an average level of risk and if I continue to buy in the area, I see that risk diminishing across multiple properties. 

Tekaat that Bakersfield is a diverse economy with more than just oil as an economic base.  

I can see how you'd draw a diverse crowd from the young family to college girls reunion to the over 55 community.  

However, the economic makeup of the employers in the Tampa Bay market is very diverse - Raymond James, MacDill AFB, ValPak, Techdata etc.. so it will come back.

As our economy is rebuilding and becoming more diverse, there won't be any more deals.

Yes - we are a diverse lot, we humans, and yes, most of us need help to get out of our own way.

To ID markers with both, look for both.At market level verify industry diversity,    review masterplans, ID path of growth, economic development incentives, top 10 major employers.Neighborhood level: crime rates, renter vs owner ratio, average income, major employers, vacancy rates, units under construction, quality and type of closest retail, demographics, community tapestry ESRI, most common household formation, etc.There are also things you should be looking at in the subdivision or block the property is located on (ex. renters vs owners, developer and quality and age of housing, ideal housing for your target tenant, etc), but again the things you look for should be based on your specific goals, investment strategy, and investment criteria.