Retail Market Conditions

Retail investment sales through December 2018 totaled $1.1 billion, consisting of 109 retail properties and averaging $138 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 3Q2018 relative to prior period)

Retail Vacancy

7.5%

Lease Rates

$14.90

Net Absorption

251,634

Construction Completions

156,050