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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 5 Average Lease and Vacancy Rates for Retail Space in the PMA <br />$17.00 <br />4.0% <br />$16.00 <br />3.5% <br />>_ $15.00 <br />3,0% <br />$14, 00 <br />2, 5°f° <br />1 <br />2.0% <br />$13.00 <br />1.5% > <br />m <br />$12.00 <br />� <br />1.0°f° <br />m <br />ry $11.00 <br />0.5% <br />$10.00 <br />0.0% <br />~ <br />r< <br />N N N <br />N N <br />0 <br />N <br />0 0 <br />N N <br />0 o 0 <br />N CM N <br />0 0 0 0 <br />N N N N <br />0 0 <br />N N <br />Average Rent <br />—Vacancy Rate <br />Data is Q1 <br />2017 to Q4 2022 <br />Source: Costar; LOCI Consulting LLC <br />4.6 Net 12-Month Absorption for Retail Space in the PMA <br />250,000 <br />200,000 <br />0 150,000 <br />00 100,000 <br />0 50.000 ■ , ■ ' <br />IL 0 , — ■ .. <br />-50,000 <br />-100.000 <br />-150,000 <br />co ro co <br />d a e a c3 <br />N N N N N N <br />Data is Q1 2017 to Q4 2022 <br />Source: Costar; LOCI Consulting LLC <br />Page 169 <br />cr es c+ c� o a <br />O O N [V <br />N N N N N N <br />0 0 O 0 0 0 <br />N N N N N N <br />