Retail Market Conditions

Retail investment sales through April 2018 totaled $163 million, consisting of 21 office retail properties and averaging $159 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 1Q2018 relative to prior period)

Retail Vacancy

8.1%

Lease Rates

$14.65

Net Absorption

593,157

Construction Completions

166,655