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LOC'i; <br />CONSULTING <br />Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />4 3 Average Lease and Vacancy Rates for Retail Space in the Metro Area <br />$20.00 <br />4.5% <br />$19.00 <br />4.0% <br />$18.00 <br />, <br />' <br />3.5% <br />m <br />$17.00 <br />3.0°f° <br />Q- $i6.44 <br />}i <br />2, 5% <br />11 $15.0:ou <br />cn $14.0C <br />2.0% m <br />n $13.0( <br />1.5f° <br />m $12.00 <br />1.0% <br />$11.00 <br />0.5% <br />$10.00 <br />0.0% <br />r� <br />a ex <br />m coocn <br />a a a a <br />r� <br />a a 0 <br />c <br />Cl) <br />a <br />P+ h OfJ <br />°0 07 07 O <br />N <br />O <br />N N N <br />N <br />N <br />N <br />N <br />0 0 a <br />N N N <br />a 0 0 v <br />N N N [V <br />© 0 0 <br />N CV N <br />O <br />N <br />o <br />N <br />Average Rent —Vacancy <br />Rate <br />Data is Q1 2017 to Q4 2022 <br />Source: Costar; LOCI Consulting LLC <br />4 4 Net 12-Month Absorption for Retail Space in the Metro Area <br />1,000,000 <br />500,000 <br />0 <br />0 <br />-500,000 <br />I <br />0 <br />-1.000.000 <br />s <br />dy <br />-1,500,000 <br />-2,000;000 <br />c� a ra <br />a <br />a <br />a a a a <br />c+ <br />a <br />O <br />N N N N <br />N <br />N <br />IV <br />N <br />O d O <br />N N N <br />O <br />N <br />CS <br />N <br />O <br />N <br />b C7 O O <br />EN N N N <br />O <br />N <br />O <br />N <br />Data is Q1 2017 to Q4 2022 <br />Source: Costar; LOCI Consulting LLC <br />Page 167 <br />