RE T AIL MARKE T RE VIE W Da vid Ma c hupa Vic e Pre side nt, Re ta il Se rvic e s ndustria l Ma rke t Re vie w
Grocery Stores Driving Development
2013 Forecast
Overview Southside Peninsula Total NUMBER OF PROPERTIES 288 134 422 GLA IN SF 35,835,277 18,287,321 54,222,598 VACANT SF 2,416,346 2,123,718 4,540,064 BIG BOX VACANCY 929,713 895,482 1,825,195 % VACANT 6.74% 11.55% 8.37% + .42 + .82 + .52 change AVERAGE RENTAL RATE $16.56 PSF $14.61 PSF $15.97 PSF + .20 - .45 + .01 change OCCUPIED IN SF 33,418,931 16,263,603 49,261,160
2013 Market Activity
Watch List -225 -1100
Big Box
Grocery Activity +3 +6 +1 +2
Developments
Developments
2014 Projection
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