Retail Market Conditions

Retail investment sales through January 2018 totaled $26 million, consisting of 7 office retail properties and averaging $107 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Historical Retail Sales

Key Indicators (as of 4Q2017 relative to prior period)

Retail Vacancy

8.4%

Lease Rates

$14.64

Net Absorption

1,066,593

Construction Completions

212,884