Mid-Cities
PREPARED BY
Brendan Broussard
Retail Submarket Report
Los Angeles - CA
RETAIL SUBMARKET REPORT
Submarket Key Statistics 2
Leasing 3
Rent 7
Construction 9
Sales 14
Sales Past 12 Months 15
Supply & Demand Trends 17
Rent & Vacancy 21
Sale Trends 25
Mid-Cities Retail
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OverviewMid-Cities Retail
73.9 K 5.3 K 4.7% 1.3%12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth
The Mid-Cities retail submarket is the largest in the L.A.metro, with over 50 million SF of inventory. Thesubmarket covers a wide area with many cities, most ofwhich have middle- or lower-income demographics.Asking rents are the lowest among the major submarketsin the metro.
Like the metro, vacancies have increased since late2017, as closings have not been enough to offset storeclosures. Rents have moved largely in tandem with thegreater market, as well. Recent rent growth, while
positive, has been anemic.
Supply additions have been modest over the pastseveral years, and the current pipeline is dominated byone 100,000-SF project in Compton. Recent salesvolumes are in line with historical norms. Pricing for retailassets in the Mid-Cities, while at a discount to mostother areas of the metro, is at record levels anddemonstrates that investors see properties with the rightcharacteristics as attractive holds.
KEY INDICATORS
Market RentVacancy RateRBACurrent Quarter Availability RateNet Absorption
SFDeliveries SF
UnderConstruction
$3.115.9%4,825,627Malls 0.4% 0 0 0
$2.662.6%3,099,098Power Center 2.9% 0 0 0
$2.216.8%11,641,356Neighborhood Center 11.7% (10,324) 0 0
$2.045.5%5,551,054Strip Center 6.4% 2,757 0 0
$1.913.6%24,986,941General Retail 4.5% 3,652 0 12,100
$1.921.3%184,025Other 6.7% 0 0 85,359
$2.164.7%50,288,101Submarket 5.9% (3,915) 0 97,459
ForecastAverage
HistoricalAverage
12 MonthAnnual Trends Peak When Trough When
4.9%4.9%0%Vacancy Change (YOY) 6.1% 2010 Q2 3.3% 2006 Q3
63,468194,8615.3 KNet Absorption SF 1,061,111 2016 Q2 (496,022) 2009 Q1
144,656318,02773.9 KDeliveries SF 976,827 2016 Q3 28,770 2015 Q3
0.9%1.1%1.3%Rent Growth 5.4% 2007 Q2 -5.7% 2010 Q2
N/A$285.1M$284 MSales Volume $660.8M 2018 Q4 $80.5M 2011 Q3
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LeasingMid-Cities Retail
Vacancies in the Mid-Cities have been on an upwardtrend for two years and are currently 4.7%, above metroaverages. In terms of large move-ins, Chuze Fitnesstook occupancy in early 2019 of 62,100 SF in Cudahy,backfilling a former Kmart space. In June, Sky ZoneTrampoline Park opened a 27,100-SF location inCerritos.
Looking at recent signings and pending move-ins, inOctober 2019, an undisclosed tenant signed for 40,000SF at 11340 South St. in Cerritos. The location was a
former Toys R Us location, and the lease is set tocommence in May 2020.
Absorption in 2019 was weak, as store openings havenot been enough to offset closures. Fallas Paredesclosed a location in Compton at the beginning of theyear, vacating 30,000 SF. Gold Fortune Supermarket inCerritos shuttered during the fall, leaving behind a23,200-SF space. Also of note, Kohl’s vacated a portionof its 88,100-SF store in Cerritos in the summer of 2019,with 20,900 SF currently available for lease.
NET ABSORPTION, NET DELIVERIES & VACANCY
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LeasingMid-Cities Retail
VACANCY RATE
AVAILABILITY RATE
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LeasingMid-Cities Retail
4 & 5 STAR MOST ACTIVE BUILDINGS IN SUBMARKET - PAST 12 MONTHS
Property Name/Address Rating GLA Deals SF Vacancy (QTD) Net Absorption SF (QTD)
2,900408-530 E Washington Blvd
101,095 2 2.9% 0
3,516501 E Albertoni St
University Square Shopping…6,394 2 31.4% 0
8,400111-131 E Compton Blvd
55,232 1 0% 0
1,3322321 E Florence Ave
8,620 1 0% 0
2,000200-208 Towne Center Dr
59,673 1 0% 0
3,400821 W Rosecrans Ave
Pad A3,400 1 0% 0
3,04010727-10833 Long Beach Blvd
75,733 1 19.8% 0
8,10010901-10923 Atlantic Ave
39,180 1 0% 0
2,5188610-8626 Firestone Blvd
Downey Marketplace57,940 1 0% 0
9721540-1700 W Rosecrans Ave
Gateway Plaza51,331 1 0% 0
1,63010917-10949 Firestone Blvd
44,165 1 20.2% 0
1,13411401-11489 South St
Bldg A26,708 1 0% 0
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LeasingMid-Cities Retail
3 STAR MOST ACTIVE BUILDINGS IN SUBMARKET - PAST 12 MONTHS
Property Name/Address Rating GLA Deals SF Vacancy (QTD) Net Absorption SF (QTD)
15,6992120-2186 E Florence Ave
36,804 5 30.3% 0
3,60017610-17620 Bellflower Blvd
Bellflower Plaza41,060 4 8.8% 0
2,2101842 N Bullis Rd
Bullis Town Center9,157 4 0% 0
2,61617141-17163 Bellflower Blvd
13,315 3 4.5% 0
5,6285443-5835 Bellflower Blvd
Ryans Plaza55,115 3 4.7% 0
2,2669901-9915 Paramount Blvd
Downey Center37,000 3 3.9% 0
3,9705610 Pacific Blvd
Pacific Plaza15,040 3 6.8% 0
3,3894701-4721 S Broadway
15,470 3 9.0% 0
7,79815961-15985 Piuma Ave
26,100 3 7.0% 0
3,00017202-17298 Norwalk Blvd
Seafood City52,382 3 0% 0
3,2009733-9739 Long Beach Blvd
4,797 3 0% 0
2,6004846 Florence Ave
6,725 2 0% 0
2,9109418-9430 Firestone Blvd
7,718 2 18.3% 0
1,40011405 E Firestone Blvd
10,175 2 0% 0
2,68111660 South St
Bldg. A10,435 2 0% 0
3,455655-667 E University Dr
14,830 2 0% 0
4,0002864 E Florence Ave
5,949 2 0% 0
8204070 S San Pedro St
820 2 0% 0
2,4196040-6048 Atlantic Blvd
7,287 2 0% 0
3,9604420-4444 Slauson Ave
Maywood Towne Center20,510 2 0% 0
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RentMid-Cities Retail
Current year-over-year gains in the submarket, 1.3%,mirror the greater metro’s pace. Like the metro, strip,neighborhood, and mall retail subtypes are seeing
modest outperformance with repsect to gains, whereasgeneral retail and power centers are slightly lagging.
MARKET RENT GROWTH (YOY)
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RentMid-Cities Retail
MARKET RENT PER SQUARE FOOT
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ConstructionMid-Cities Retail
The Mid-Cities has seen modest supply additions inrecent years, with the largest projects completed since2014 including the Promenade at Downey (640,000-SFpower center completed in 2015 and 2016), the ToyotaDealership of Downtown Los Angeles (290,000 SF in2019), the Azalea Shopping Center in South Gate(230,000-SF power center in in 2014), and a Walmart in
Compton (130,000 SF in 2016).
Looking forward, there is 97,000 SF underway, themajority of which is in the soon-to-complete FreedomPlaza. The shopping center is part of the redevelopmentof the Jordan Downs public housing projects in Watts.
DELIVERIES & DEMOLITIONS
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ConstructionMid-Cities Retail
304,952 165,010 97,459 565,442All-Time Annual Avg. SF Delivered SF Past 8 Qtrs Delivered SF Next 8 Qtrs Proposed SF Next 8 Qtrs
PAST 8 QUARTERS DELIVERIES, UNDER CONSTRUCTION, & PROPOSED
PAST & FUTURE DELIVERIES IN SQUARE FEET
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ConstructionMid-Cities Retail
RECENT DELIVERIES
Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner
Jun-20191495 N Wilmington Ave
Multi-Tenant Popeyes De…4,100 1 Dec-2019
Southwest Group LLC
Prominent Realty1
Jan-20199928 Artesia Blvd
3,728 2 Nov-2019-
-2
Jun-20181302 E Slauson Ave
8,000 1 Oct-2019-
-3
Aug-201817404 Bellflower Blvd
3,000 1 Oct-2019-
Jacob P. Sonenshine4
Apr-20192200 W Artesia Blvd
IN-N-OUT3,867 - Oct-2019
-
-5
Nov-20175707 Pacific Blvd
8,396 2 Oct-2019-
Prajin Enterprises6
Sep-20189901 S Alameda St
Freedom Plaza3,000 1 Aug-2019
-
Federal Realty Investment Trust7
Sep-20189901 S Alameda St
Freedom Plaza9,000 1 Aug-2019
-
Federal Realty Investment Trust8
Jun-201712202 Paramount Blvd
5,774 1 Apr-2019-
Robert Amin9
Jul-20188028 3rd St
1,900 1 Apr-2019-
Dr. Musa O Bahia10
Dec-20189751 Artesia Blvd
3,867 1 Apr-2019-
-11
Apr-20181824-1830 E Slauson Ave
11,000 1 Mar-2019-
-12
Oct-20182232-2240 S Central Ave
Compton Square9,640 1 Feb-2019
-
Red Mountain Retail Group, Inc.13
Jun-20189908 Artesia Blvd
9,555 2 Oct-2018-
Andrew Kalman14
Feb-2017821 W Rosecrans Ave
Pad A3,400 1 Sep-2018
-
Cyrus Hosiery Inc15
Mar-20183111 E Florence Ave
Smart & Final28,000 1 Sep-2018
-
-16
Mar-201815750 Paramount Blvd
Bldg A6,200 1 Aug-2018
-
-17
Mar-20188655 Atlantic Ave
Azalea3,000 1 Jul-2018
-
Primestor Development, Inc.18
Jan-20175971 S Main St
New Corner Retail Building8,328 1 Jul-2018
-
-19
Jan-201710840 Garfield Ave
7 Eleven3,750 1 Jul-2018
-
Jones Real Estate20
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ConstructionMid-Cities Retail
UNDER CONSTRUCTION
Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner
Jun-20179901 S Alameda St
Freedom Plaza77,859 1 Feb-2020
Primestor Development, Inc.
Federal Realty Investment Trust1
Feb-20199102-9112 Firestone Blvd
Building A12,100 1 May-2020
-
Amusement Industry, Inc.2
Sep-20189901 S Alameda St
Freedom Plaza7,500 1 Mar-2020
-
Federal Realty Investment Trust3
PROPOSED
Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner
Jun-2020Del Amo Blvd
Building 554,000 2 Nov-2020
-
L A County Capital Asset Leasing…1
Jan-202110901 Imperial Hwy
45,000 - Jan-2022-
-2
Mar-20204810-4814 Firestone Blvd
44,179 2 Sep-2020-
-3
Jun-2020Del Amo Blvd
Building 740,000 2 Nov-2020
-
L A County Capital Asset Leasing…4
Jun-2020Del Amo Blvd
Building 1036,000 2 Nov-2020
-
L A County Capital Asset Leasing…5
Jun-2020Del Amo Blvd
Building 826,000 2 Nov-2020
-
L A County Capital Asset Leasing…6
Apr-20203125 Firestone Blvd
24,180 2 Oct-2020-
-7
Jul-2020NEC Slauson Ave & Boyl…
22,000 1 Jan-2021-
-8
Jun-20206151 Atlantic Ave
19,900 1 Dec-2020-
-9
Feb-2020403 S Santa Fe Ave
18,400 - Dec-2020Urban Real Estate Services, Inc.
-10
Dec-2020E University Dr
Market18,000 1 Dec-2021
-
The Carson Companies11
Jun-2020Del Amo Blvd
Building 617,000 1 Nov-2020
-
L A County Capital Asset Leasing…12
Aug-2020NWC Bellflower Blvd and C
Belle Fleur Centre17,000 1 Aug-2021
-
-13
Jan-20204472 Gage Ave
SWC Atlantic & Gage15,075 1 Jan-2021
-
Redevelopment Agency Of14
Jan-20207201 Firestone Blvd
15,000 1 Oct-2020-
-15
Jun-2020Del Amo Blvd
Building 1115,000 2 Nov-2020
-
L A County Capital Asset Leasing…16
Jun-20208350 Firestone Blvd
15,000 1 Jul-2021-
-17
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ConstructionMid-Cities Retail
PROPOSED
Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner
Jul-20205872 S Central Ave
11,000 1 Feb-2021-
-18
Jan-20208818 Imperial Hwy
10,200 1 Oct-2020North American Realty Services…
-19
Feb-2020815 W Rosecrans Ave
Building B10,000 1 Aug-2020
-
Cyrus Hosiery Inc20
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SalesMid-Cities Retail
Pricing in the mid-cities is typically at a modest discountto metro averages, with an average modeled pricing andcap rates of $320/SF and 5.6%, respectively. Annualizedsales volumes, $290 million, are in line with historicalaverages.
In February, L.A.-based SAFCO Capital Corporationpurchased from national developer Catellus TheCrossroads @ Firestone neighborhood center in SouthGate for $29.5 million ($554/SF) at a 5.95% in-place cap
rate. The 53,300-SF center was 100% leased at thetime of sale and is anchored by grocer ALDI as well asAT&T, Bank of America, and Panera Bread.
More recently, in early October, a 24,000-SF portion ofthe South Gate Town Center in South Gate sold to alocal investor as part of a 1031 exchange. The property,at 5831 Firestone Blvd., sold for $9.1 million ($379/SF) ata 5.95% cap rate. The property was 90% leased at thetime of sale with Dollar Tree as the anchor tenant.
SALES VOLUME & MARKET SALE PRICE PER SF
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Sales Past 12 MonthsMid-Cities Retail
248 6.1% $252 2.5%Sale Comparables Avg. Cap Rate Avg. Price/SF Avg. Vacancy At Sale
SALE COMPARABLE LOCATIONS
SALE COMPARABLES SUMMARY STATISTICS
Sales Attributes Low Average Median High
Sale Price $137,500 $1,715,248 $850,000 $18,600,000
Price Per SF $25 $252 $248 $2,211
Cap Rate 3.5% 6.1% 6.0% 11.0%
Time Since Sale in Months 0.6 6.8 7.4 11.9
Property Attributes Low Average Median High
Building SF 407 6,604 3,584 142,449
Stories 1 1 1 3
Typical Floor SF 407 6,116 3,235 142,449
Vacancy Rate At Sale 0% 2.5% 0% 100%
Year Built 1897 1958 1954 2018
Star Rating 2.0
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Sales Past 12 MonthsMid-Cities Retail
Property Name - Address Rating Yr Built Bldg SF Vacancy Price Price/SF
Property
Sale Date
Sale
Cap Rate
RECENT SIGNIFICANT SALES
-1 Plaza De La Fiesta Phas…1985 48,685 2.9% $18,600,000 $382
7126-7132 Pacific Blvd11/25/2019 6.1%
-2 Sunbelt Rentals1988 50,276 0% $18,600,000 $370
12624 Rosecrans Ave7/22/2019 -
-3 Market & Shops B2016 25,500 0% $10,791,893 $423
5820-5830 Firestone Blvd2/22/2019 6.0%
-4 5831 Firestone Blvd1987 24,000 8.7% $9,100,000 $37910/2/2019 6.0%
-5 The Crossroads At Fires…2016 11,964 0% $8,668,938 $725
5840 Firestone Blvd2/22/2019 6.0%
-6 CVS1983 22,880 0% $7,817,145 $342
220 E Compton Blvd5/3/2019 5.5%
-7 Santa Fe Plaza2006 14,949 0% $6,850,000 $458
2501-2575 S Santa Fe Ave9/4/2019 6.5%
-8 Comerica Bank1974 4,016 0% $6,500,000 $1,619
11355 South St5/9/2019 5.0%
-9 The Crossroads At Fires…2016 5,340 0% $5,532,069 $1,036
5802 Firestone Blvd2/22/2019 6.0%
-10 6801 Atlantic Ave1948 33,222 0% $5,178,000 $1561/18/2019 -
-11 Chapel of Memories1955 9,991 0% $4,900,000 $490
12626 Woods Ave6/11/2019 6.3%
-12 2619-2629 Saturn Ave1946 17,372 0% $4,300,000 $2488/21/2019 -
-13 10729-10741 South St1969 18,096 35.3% $4,278,000 $2366/27/2019 7.0%
-14 Rite Aid1968 23,771 0% $3,970,000 $167
6360 Pacific Blvd8/1/2019 -
-15 6351-6353 Pacific Blvd1935 16,000 0% $3,926,000 $2455/14/2019 6.4%
-16 Target2000 142,449 0% $3,550,000 $25
11525 South St12/13/2019 -
-17 8124-8140 Firestone Blvd1949 17,945 0% $3,205,500 $1798/19/2019 -
-18 6601 Alondra Blvd2001 3,128 0% $3,200,000 $1,0238/27/2019 -
-19 8445 Somerset Blvd1987 3,031 0% $3,150,000 $1,03911/7/2019 -
-20 2618 Saturn Ave1947 12,214 0% $3,026,000 $2488/21/2019 -
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Supply & Demand TrendsMid-Cities Retail
OVERALL SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 131,787 0.3% 0.2%126,022 1.050,712,070
2023 130,298 0.3% 0.2%111,736 1.250,580,283
2022 110,872 0.2% 0.1%71,266 1.650,449,985
2021 18,647 0% 0%12,251 1.550,339,113
2020 32,365 0.1% -0.1%(33,444) -50,320,466
YTD 0 0% 0%(3,915) -50,288,101
2019 21,837 0% 0%6,772 3.250,288,101
2018 (30,415) -0.1% -0.9%(444,821) -50,266,264
2017 356,620 0.7% 1.1%549,589 0.650,296,679
2016 732,575 1.5% 1.9%938,526 0.849,940,059
2015 (12,902) 0% 0.7%343,522 -49,207,484
2014 299,116 0.6% 0.4%210,186 1.449,220,386
2013 61,970 0.1% 0.8%371,142 0.248,921,270
2012 79,802 0.2% -0.2%(81,670) -48,859,300
2011 42,404 0.1% 0.2%103,993 0.448,779,498
2010 195,515 0.4% 0.5%244,555 0.848,737,094
2009 113,332 0.2% -0.3%(168,131) -48,541,579
2008 711,621 1.5% -0.1%(65,051) -48,428,247
MALLS SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 46,986 1.0% 0.9%45,898 1.04,933,453
2023 46,444 1.0% 0.9%41,544 1.14,886,467
2022 40,015 0.8% 0.5%23,933 1.74,840,023
2021 4,469 0.1% -0.3%(12,223) -4,800,008
2020 (30,088) -0.6% -1.0%(47,742) -4,795,539
YTD 0 0% -- -4,825,627
2019 0 0% -5.5%(265,764) -4,825,627
2018 3,470 0.1% 0.4%20,922 0.24,825,627
2017 0 0% 1.9%91,571 04,822,157
2016 128,000 2.7% 2.0%95,258 1.34,822,157
2015 4,000 0.1% -0.3%(14,247) -4,694,157
2014 0 0% -1.1%(51,270) -4,690,157
2013 0 0% 0.6%25,889 04,690,157
2012 48,500 1.0% 1.7%78,897 0.64,690,157
2011 6,500 0.1% 1.3%61,082 0.14,641,657
2010 139,075 3.1% 2.4%112,581 1.24,635,157
2009 0 0% -1.1%(49,791) -4,496,082
2008 4,964 0.1% 0.8%36,829 0.14,496,082
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Supply & Demand TrendsMid-Cities Retail
POWER CENTER SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 9,928 0.3% 0.2%4,993 2.03,124,730
2023 9,830 0.3% 0.1%3,995 2.53,114,802
2022 8,547 0.3% 0%1,108 7.73,104,972
2021 1,904 0.1% -0.1%(4,632) -3,096,425
2020 (4,577) -0.1% -0.7%(20,956) -3,094,521
YTD 0 0% -- -3,099,098
2019 0 0% 1.1%32,673 03,099,098
2018 8,874 0.3% -0.3%(10,389) -3,099,098
2017 6,000 0.2% 5.6%173,666 03,090,224
2016 351,999 12.9% 6.9%211,371 1.73,084,224
2015 256,518 10.4% 9.4%256,269 1.02,732,225
2014 304,432 14.0% 12.4%307,566 1.02,475,707
2013 0 0% -1.0%(22,744) -2,171,275
2012 0 0% 0.6%12,005 02,171,275
2011 0 0% -0.1%(1,905) -2,171,275
2010 6,300 0.3% 2.9%62,836 0.12,171,275
2009 6,050 0.3% -1.6%(34,663) -2,164,975
2008 395,895 22.5% 13.2%283,917 1.42,158,925
NEIGHBORHOOD CENTER SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 20,975 0.2% 0.3%35,882 0.611,693,612
2023 20,736 0.2% 0.3%33,197 0.611,672,637
2022 17,906 0.2% 0.2%27,092 0.711,651,901
2021 3,202 0% 0.1%15,576 0.211,633,995
2020 (10,563) -0.1% 0.1%12,458 -11,630,793
YTD 0 0% -0.1%(10,324) -11,641,356
2019 0 0% 0.4%42,633 011,641,356
2018 0 0% -2.1%(249,929) -11,641,356
2017 0 0% -1.1%(127,529) -11,641,356
2016 53,259 0.5% 1.4%168,100 0.311,641,356
2015 4,000 0% 0.1%12,383 0.311,588,097
2014 130,970 1.1% 0.9%103,551 1.311,584,097
2013 0 0% 0.9%105,579 011,453,127
2012 8,164 0.1% 0.2%21,792 0.411,453,127
2011 0 0% -0.4%(41,377) -11,444,963
2010 21,829 0.2% 0.8%94,536 0.211,444,963
2009 6,394 0.1% -0.6%(70,878) -11,423,134
2008 103,754 0.9% -1.0%(108,511) -11,416,740
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Supply & Demand TrendsMid-Cities Retail
STRIP CENTER SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 5,099 0.1% 0.2%8,891 0.65,563,592
2023 5,057 0.1% 0.1%7,807 0.65,558,493
2022 4,083 0.1% 0.1%6,351 0.65,553,436
2021 606 0% 0.1%5,093 0.15,549,353
2020 (2,307) 0% -0.1%(5,478) -5,548,747
YTD 0 0% 0%2,757 05,551,054
2019 0 0% -0.1%(2,849) -5,551,054
2018 14,200 0.3% 0.1%4,333 3.35,551,054
2017 35,830 0.7% 0.7%37,567 1.05,536,854
2016 30,000 0.5% 1.6%86,531 0.35,501,024
2015 20,368 0.4% 1.5%80,531 0.35,471,024
2014 7,400 0.1% 2.0%106,448 0.15,450,656
2013 25,304 0.5% 1.3%69,570 0.45,443,256
2012 18,024 0.3% 0.9%50,581 0.45,417,952
2011 41,052 0.8% -0.6%(31,738) -5,399,928
2010 27,777 0.5% -0.2%(8,303) -5,358,876
2009 18,833 0.4% -0.5%(24,168) -5,331,099
2008 133,718 2.6% -1.1%(58,470) -5,312,266
GENERAL RETAIL SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 48,195 0.2% 0.1%30,083 1.625,125,497
2023 47,634 0.2% 0.1%24,964 1.925,077,302
2022 39,788 0.2% 0.1%12,653 3.125,029,668
2021 8,271 0% 0%(1,312) -24,989,880
2020 (5,332) 0% -0.2%(45,517) -24,981,609
YTD 0 0% 0%3,652 024,986,941
2019 9,837 0% 0.8%188,079 0.124,986,941
2018 (56,959) -0.2% -0.8%(209,758) -24,977,104
2017 314,790 1.3% 1.5%374,314 0.825,034,063
2016 169,317 0.7% 1.5%378,561 0.424,719,273
2015 (297,788) -1.2% 0%8,586 -24,549,956
2014 (143,686) -0.6% -1.0%(257,009) -24,847,744
2013 36,666 0.1% 0.8%193,978 0.224,991,430
2012 5,114 0% -1.0%(244,945) -24,954,764
2011 (5,148) 0% 0.5%117,961 -24,949,650
2010 534 0% -0.1%(17,595) -24,954,798
2009 82,055 0.3% 0%12,239 6.724,954,264
2008 73,290 0.3% -0.9%(218,816) -24,872,209
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Supply & Demand TrendsMid-Cities Retail
OTHER SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Construction RatioSF SF Growth % Growth SFYear
2024 604 0.2% 0.1%275 2.2271,186
2023 597 0.2% 0.1%229 2.6270,582
2022 533 0.2% 0%129 4.1269,985
2021 195 0.1% 3.6%9,749 0269,452
2020 85,232 46.3% 27.4%73,791 1.2269,257
YTD 0 0% -- -184,025
2019 12,000 7.0% 6.5%12,000 1.0184,025
2018 0 0% 0%0 -172,025
2017 0 0% 0%0 -172,025
2016 0 0% -0.8%(1,295) -172,025
2015 0 0% -- -172,025
2014 0 0% 0.5%900 0172,025
2013 0 0% -0.7%(1,130) -172,025
2012 0 0% -- -172,025
2011 0 0% 0%(30) -172,025
2010 0 0% 0.3%500 0172,025
2009 0 0% -0.5%(870) -172,025
2008 0 0% -- -172,025
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Rent & VacancyMid-Cities Retail
OVERALL RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 116 0.5% 4.4%$2.25 2,485,280 4.9% 0%
2023 115 0.7% 3.8%$2.24 2,490,922 4.9% 0%
2022 115 0.8% 3.1%$2.23 2,483,538 4.9% 0.1%
2021 114 1.0% 2.3%$2.21 2,451,980 4.9% 0%
2020 113 1.3% 1.3%$2.19 2,448,872 4.9% 0.1%
YTD 111 -0.1% -0.1%$2.16 2,378,621 4.7% 0%
2019 111 1.4% 0%$2.16 2,374,706 4.7% 0%
2018 110 2.1% -1.4%$2.13 2,358,741 4.7% 0.8%
2017 107 3.6% -3.5%$2.08 1,943,391 3.9% -0.4%
2016 103 2.8% -6.9%$2.01 2,136,360 4.3% -0.5%
2015 101 4.3% -9.4%$1.95 2,342,311 4.8% -0.7%
2014 96 4.0% -13.2%$1.87 2,698,735 5.5% 0.1%
2013 93 2.8% -16.5%$1.80 2,609,805 5.3% -0.6%
2012 90 0.8% -18.8%$1.75 2,918,977 6.0% 0.3%
2011 90 -1.2% -19.4%$1.74 2,757,505 5.7% -0.1%
2010 91 -4.0% -18.5%$1.76 2,819,094 5.8% -0.1%
2009 94 -5.7% -15.1%$1.83 2,868,134 5.9% 0.6%
2008 100 -1.8% -10.0%$1.94 2,586,671 5.3% 1.5%
MALLS RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 130 0.4% 4.2%$3.25 342,734 6.9% 0%
2023 129 0.6% 3.8%$3.23 341,801 7.0% 0%
2022 128 0.7% 3.2%$3.21 337,057 7.0% 0.3%
2021 128 0.9% 2.4%$3.19 321,079 6.7% 0.3%
2020 126 1.5% 1.5%$3.16 304,460 6.3% 0.4%
YTD 124 -0.1% -0.1%$3.11 286,459 5.9% 0%
2019 125 1.7% 0%$3.11 286,459 5.9% 5.5%
2018 122 2.3% -1.7%$3.06 20,695 0.4% -0.4%
2017 120 4.3% -3.9%$2.99 38,147 0.8% -1.9%
2016 115 4.9% -7.9%$2.87 129,718 2.7% 0.6%
2015 109 6.0% -12.2%$2.74 96,976 2.1% 0.4%
2014 103 5.3% -17.1%$2.58 78,729 1.7% 1.1%
2013 98 4.2% -21.3%$2.45 27,459 0.6% -0.6%
2012 94 2.1% -24.5%$2.35 53,348 1.1% -0.7%
2011 92 -0.8% -26.0%$2.30 83,745 1.8% -1.2%
2010 93 -3.0% -25.4%$2.32 138,327 3.0% 0.5%
2009 96 -4.2% -23.1%$2.39 111,833 2.5% 1.1%
2008 100 -0.2% -19.7%$2.50 62,042 1.4% -0.7%
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Rent & VacancyMid-Cities Retail
POWER CENTER RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 122 0.6% 4.6%$2.79 120,908 3.9% 0.1%
2023 121 0.7% 4.0%$2.77 116,112 3.7% 0.2%
2022 120 0.9% 3.2%$2.75 110,425 3.6% 0.2%
2021 119 1.0% 2.3%$2.73 103,060 3.3% 0.2%
2020 118 1.3% 1.3%$2.70 96,589 3.1% 0.5%
YTD 116 -0.1% -0.1%$2.66 80,021 2.6% 0%
2019 117 1.9% 0%$2.66 80,021 2.6% -1.1%
2018 114 4.0% -1.9%$2.61 112,694 3.6% 0.6%
2017 110 4.3% -5.7%$2.51 93,431 3.0% -5.4%
2016 105 3.5% -9.5%$2.41 261,097 8.5% 4.1%
2015 102 5.3% -12.6%$2.33 120,469 4.4% -0.4%
2014 97 4.0% -17.0%$2.21 120,220 4.9% -0.8%
2013 93 2.4% -20.1%$2.13 123,354 5.7% 1.0%
2012 91 0.1% -22.0%$2.08 100,610 4.6% -0.6%
2011 91 0.2% -22.1%$2.07 112,615 5.2% 0.1%
2010 91 -3.2% -22.3%$2.07 110,710 5.1% -2.6%
2009 94 -6.4% -19.7%$2.14 167,246 7.7% 1.9%
2008 100 -2.5% -14.2%$2.28 126,533 5.9% 5.0%
NEIGHBORHOOD CENTER RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 113 0.5% 4.5%$2.31 711,053 6.1% -0.1%
2023 112 0.7% 4.0%$2.30 726,877 6.2% -0.1%
2022 111 0.8% 3.3%$2.28 740,168 6.4% -0.1%
2021 111 1.0% 2.5%$2.26 749,964 6.4% -0.1%
2020 109 1.5% 1.5%$2.24 762,659 6.6% -0.2%
YTD 108 -0.1% -0.1%$2.21 795,044 6.8% 0.1%
2019 108 2.0% 0%$2.21 784,720 6.7% -0.4%
2018 106 1.8% -2.0%$2.16 827,353 7.1% 2.1%
2017 104 3.0% -3.7%$2.13 577,424 5.0% 1.1%
2016 101 3.3% -6.5%$2.07 449,895 3.9% -1.0%
2015 98 3.6% -9.4%$2.00 564,736 4.9% -0.1%
2014 94 3.3% -12.6%$1.93 573,119 4.9% 0.2%
2013 91 2.1% -15.4%$1.87 545,700 4.8% -0.9%
2012 89 0.1% -17.1%$1.83 651,279 5.7% -0.1%
2011 89 -1.5% -17.2%$1.83 664,907 5.8% 0.4%
2010 91 -3.7% -15.9%$1.86 623,530 5.4% -0.6%
2009 94 -5.8% -12.7%$1.93 696,237 6.1% 0.7%
2008 100 -1.6% -7.3%$2.05 618,965 5.4% 1.8%
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Rent & VacancyMid-Cities Retail
STRIP CENTER RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 109 0.5% 5.1%$2.15 293,721 5.3% -0.1%
2023 108 0.7% 4.6%$2.14 298,673 5.4% -0.1%
2022 107 0.9% 3.8%$2.13 302,563 5.4% -0.1%
2021 106 1.1% 3.0%$2.11 305,531 5.5% -0.1%
2020 105 1.8% 1.8%$2.08 310,284 5.6% 0.1%
YTD 103 -0.1% -0.1%$2.04 303,472 5.5% 0%
2019 103 2.2% 0%$2.05 306,229 5.5% 0.1%
2018 101 1.7% -2.2%$2.00 303,380 5.5% 0.2%
2017 99 3.3% -3.8%$1.97 293,513 5.3% -0.1%
2016 96 2.5% -6.9%$1.90 295,250 5.4% -1.1%
2015 94 3.5% -9.2%$1.86 351,781 6.4% -1.1%
2014 91 3.0% -12.3%$1.80 411,944 7.6% -1.8%
2013 88 1.4% -14.8%$1.74 510,992 9.4% -0.9%
2012 87 -0.9% -16.0%$1.72 555,258 10.2% -0.6%
2011 87 -1.9% -15.3%$1.73 587,815 10.9% 1.3%
2010 89 -4.8% -13.6%$1.77 515,025 9.6% 0.6%
2009 94 -6.3% -9.2%$1.86 478,945 9.0% 0.8%
2008 100 -2.5% -3.1%$1.98 435,944 8.2% 3.5%
GENERAL RETAIL RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 115 0.6% 4.2%$1.99 1,011,487 4.0% 0%
2023 114 0.7% 3.6%$1.98 1,002,396 4.0% 0%
2022 113 0.8% 2.9%$1.97 988,615 3.9% 0.1%
2021 112 0.9% 2.0%$1.95 968,029 3.9% 0%
2020 111 1.1% 1.1%$1.93 961,002 3.8% 0.2%
YTD 110 -0.1% -0.1%$1.91 911,200 3.6% 0%
2019 110 0.8% 0%$1.91 914,852 3.7% -0.7%
2018 109 2.1% -0.8%$1.90 1,092,194 4.4% 0.6%
2017 107 3.7% -2.8%$1.86 938,451 3.7% -0.3%
2016 103 2.0% -6.3%$1.79 997,975 4.0% -0.9%
2015 101 4.2% -8.1%$1.76 1,207,219 4.9% -1.2%
2014 97 4.3% -11.8%$1.69 1,513,593 6.1% 0.5%
2013 93 3.2% -15.5%$1.62 1,400,270 5.6% -0.6%
2012 90 1.2% -18.1%$1.57 1,557,582 6.2% 1.0%
2011 89 -1.1% -19.1%$1.55 1,307,523 5.2% -0.5%
2010 90 -4.3% -18.2%$1.57 1,430,632 5.7% 0.1%
2009 94 -5.7% -14.5%$1.64 1,412,503 5.7% 0.3%
2008 100 -2.0% -9.3%$1.74 1,342,687 5.4% 1.2%
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Rent & VacancyMid-Cities Retail
OTHER RENT & VACANCY
Market Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2024 110 0.6% 3.0%$1.98 5,377 2.0% 0.1%
2023 109 0.7% 2.4%$1.97 5,063 1.9% 0.1%
2022 109 0.8% 1.7%$1.96 4,710 1.7% 0.1%
2021 108 0.7% 0.9%$1.94 4,317 1.6% -3.6%
2020 107 0.6% 0.2%$1.93 13,878 5.2% 3.8%
YTD 106 0% -0.4%$1.92 2,425 1.3% 0%
2019 106 -0.4% -0.4%$1.92 2,425 1.3% -0.1%
2018 107 2.3% 0%$1.93 2,425 1.4% 0%
2017 104 4.6% -2.2%$1.88 2,425 1.4% 0%
2016 100 0.2% -6.6%$1.80 2,425 1.4% 0.8%
2015 100 4.3% -6.8%$1.80 1,130 0.7% 0%
2014 96 4.5% -10.6%$1.72 1,130 0.7% -0.5%
2013 91 3.2% -14.4%$1.65 2,030 1.2% 0.7%
2012 89 0.9% -17.1%$1.60 900 0.5% 0%
2011 88 -1.7% -17.8%$1.58 900 0.5% 0%
2010 89 -5.1% -16.3%$1.61 870 0.5% -0.3%
2009 94 -5.8% -11.8%$1.70 1,370 0.8% 0.5%
2008 100 -3.1% -6.4%$1.80 500 0.3% 0%
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Sale TrendsMid-Cities Retail
OVERALL SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 174- $342.67 5.7%
2023 -- - -- 173- $340.47 5.7%
2022 -- - -- 171- $337.97 5.6%
2021 -- - -- 171- $337.96 5.5%
2020 -- - -- 168- $331.18 5.5%
YTD -- - -- 161- $316.54 5.6%
2019 $295.8 M256 3.2% $258.26$1,721,192 1616.0% $316.53 5.6%
2018 $660.8 M413 5.7% $283.92$2,581,103 1546.1% $304.61 5.7%
2017 $393.8 M498 6.0% $264.60$1,675,630 1495.4% $294.03 5.7%
2016 $376.3 M377 4.2% $235.89$1,475,496 1455.8% $285.18 5.7%
2015 $432.6 M508 8.5% $209.06$1,581,798 1386.4% $271.84 5.8%
2014 $424.7 M436 8.3% $214.34$1,555,549 1266.7% $247.75 6.1%
2013 $194.0 M266 3.0% $192.92$1,100,526 1096.7% $214.87 6.5%
2012 $130.4 M207 2.4% $175.64$1,164,550 1047.4% $204.32 6.6%
2011 $83.1 M212 3.6% $136.31$894,654 947.6% $184.93 7.0%
2010 $142.8 M128 2.9% $164.32$1,519,353 888.3% $174.19 7.3%
2009 $120.5 M110 1.9% $178.32$1,451,483 867.2% $169.36 7.4%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
MALLS SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 171- $370.24 5.4%
2023 -- - -- 170- $368.22 5.3%
2022 -- - -- 169- $365.99 5.3%
2021 -- - -- 169- $366.14 5.2%
2020 -- - -- 166- $358.77 5.2%
YTD -- - -- 158- $342.44 5.3%
2019 -- - -- 158- $342.45 5.3%
2018 -- - -- 151- $326.93 5.4%
2017 -- - -- 147- $317.07 5.4%
2016 -- - -- 144- $310.87 5.3%
2015 $56.1 M50 29.8% $210.87$28,073,428 1385.1% $298.27 5.4%
2014 $0 M54 36.7% -- 126- $271.56 5.7%
2013 -- - -- 109- $235.50 6.0%
2012 -- - -- 103- $223.67 6.2%
2011 -- - -- 93- $202.02 6.5%
2010 -- - -- 88- $190.58 6.8%
2009 $0 M1 3.1% -- 86- $185.90 6.9%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
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Sale TrendsMid-Cities Retail
POWER CENTER SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 175- $433.76 5.2%
2023 -- - -- 174- $430.88 5.2%
2022 -- - -- 173- $427.89 5.1%
2021 -- - -- 173- $428.24 5.0%
2020 -- - -- 169- $419.76 5.0%
YTD -- - -- 162- $401.04 5.1%
2019 $0 M4 6.2% -- 162- $401.01 5.1%
2018 $312.8 M29 31.6% $319.43$10,785,538 1527.2% $375.91 5.3%
2017 $0 M16 12.2% -- 1455.2% $359.30 5.3%
2016 -- - -- 144- $355.91 5.2%
2015 -- - -- 137- $339.07 5.3%
2014 $88.8 M14 17.8% $202.03$6,342,857 1245.6% $307.39 5.6%
2013 -- - -- 109- $269.45 5.9%
2012 -- - -- 103- $255.99 6.1%
2011 $0 M5 21.2% -- 936.7% $231.03 6.4%
2010 -- - -- 88- $217.34 6.7%
2009 -- - -- 87- $214.96 6.7%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
NEIGHBORHOOD CENTER SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 177- $342.38 5.5%
2023 -- - -- 176- $340.23 5.5%
2022 -- - -- 175- $337.91 5.5%
2021 -- - -- 175- $337.95 5.4%
2020 -- - -- 171- $331.09 5.4%
YTD -- - -- 163- $315.76 5.5%
2019 $72.8 M10 2.7% $235.46$7,284,515 1636.0% $315.74 5.5%
2018 $65.2 M10 2.1% $272.26$6,515,000 1565.5% $300.67 5.6%
2017 $15.3 M16 2.6% $218.79$3,830,000 1485.2% $286.38 5.6%
2016 $68.2 M17 2.4% $287.49$4,874,975 1454.6% $279.37 5.6%
2015 $72.6 M24 2.4% $258.06$3,156,761 1386.2% $265.80 5.7%
2014 $64.7 M18 2.5% $224.57$3,591,770 1255.9% $242.35 6.0%
2013 $57.2 M16 2.6% $244.58$4,088,929 1096.6% $211.45 6.3%
2012 $14.6 M3 0.6% $226.83$4,851,833 1057.6% $202.25 6.5%
2011 $4.5 M19 3.3% $187.50$4,500,000 958.0% $182.80 6.8%
2010 $49.5 M19 3.6% $137.41$2,751,389 899.1% $171.77 7.1%
2009 $32.1 M12 2.0% $170.28$3,564,326 868.1% $166.49 7.2%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
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Sale TrendsMid-Cities Retail
STRIP CENTER SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 168- $347.09 5.8%
2023 -- - -- 167- $344.66 5.8%
2022 -- - -- 166- $342.02 5.8%
2021 -- - -- 165- $341.63 5.7%
2020 -- - -- 162- $334.06 5.6%
YTD -- - -- 154- $317.61 5.7%
2019 $14.8 M14 1.4% $277.68$2,117,289 1545.5% $317.59 5.7%
2018 $45.1 M22 3.5% $293.13$2,818,043 1505.9% $309.85 5.8%
2017 $48.1 M40 4.9% $297.99$2,406,071 1465.7% $301.39 5.8%
2016 $63.1 M22 4.1% $301.07$3,005,260 1416.1% $292.21 5.8%
2015 $60.0 M32 4.4% $279.14$2,711,136 1356.7% $279.12 5.8%
2014 $37.2 M18 2.8% $251.73$2,325,342 1246.0% $255.24 6.1%
2013 $31.2 M26 3.6% $195.72$1,474,714 1075.8% $221.01 6.5%
2012 $16.1 M21 3.1% $213.16$1,339,917 1027.8% $210.88 6.7%
2011 $17.2 M14 2.9% $136.50$1,866,057 937.6% $192.29 7.0%
2010 $10.0 M9 1.2% $226.44$1,663,000 885.9% $181.64 7.3%
2009 $18.0 M13 2.8% $131.68$1,634,182 856.6% $176.01 7.4%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
GENERAL RETAIL SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 174- $325.80 5.9%
2023 -- - -- 173- $323.67 5.8%
2022 -- - -- 171- $321.12 5.8%
2021 -- - -- 171- $321.10 5.7%
2020 -- - -- 168- $314.84 5.7%
YTD -- - -- 161- $301.70 5.8%
2019 $208.1 M228 4.2% $265.94$1,341,932 1616.0% $301.68 5.8%
2018 $237.7 M352 5.9% $248.95$1,182,801 1566.0% $292.56 5.8%
2017 $330.3 M426 8.2% $262.86$1,565,553 1525.4% $283.90 5.8%
2016 $244.9 M338 6.4% $213.31$1,113,142 1466.0% $273.08 5.9%
2015 $243.9 M401 8.7% $186.62$1,077,139 1396.6% $260.06 6.0%
2014 $234.0 M332 5.9% $211.56$1,040,033 1267.6% $236.99 6.2%
2013 $105.5 M224 3.9% $172.42$748,075 1097.2% $204.69 6.7%
2012 $99.8 M183 3.7% $165.50$1,028,816 1047.0% $194.00 6.8%
2011 $61.3 M174 3.0% $133.58$744,069 947.5% $175.56 7.2%
2010 $83.3 M100 3.7% $179.31$1,190,232 888.4% $165.40 7.5%
2009 $70.4 M84 1.7% $200.78$1,117,748 867.5% $160.66 7.6%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
1/6/2020Copyrighted report licensed to Keller Williams Realty - 1023202.
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Sale TrendsMid-Cities Retail
OTHER SALES
Completed Transactions (1)
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends (2)
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2024 -- - -- 172- $305.61 6.0%
2023 -- - -- 171- $304.36 5.9%
2022 -- - -- 170- $302.57 5.9%
2021 -- - -- 170- $301.62 5.8%
2020 -- - -- 167- $296.49 5.8%
YTD -- - -- 161- $285.95 5.9%
2019 -- - -- 161- $285.95 5.9%
2018 -- - -- 157- $277.84 5.9%
2017 -- - -- 147- $261.47 6.1%
2016 -- - -- 142- $252.79 6.1%
2015 $0 M1 73.0% -- 1367.0% $241.94 6.2%
2014 -- - -- 127- $224.84 6.4%
2013 -- - -- 110- $194.99 6.8%
2012 -- - -- 104- $185.22 7.0%
2011 -- - -- 95- $168.64 7.3%
2010 -- - -- 90- $159.17 7.6%
2009 -- - -- 86- $153.51 7.7%
(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.
(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.
1/6/2020Copyrighted report licensed to Keller Williams Realty - 1023202.
Page 28