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Retail Market Analysis <br />Retail real estate market has been <br />strong in 2021 and 2022, driven by <br />consumer spending <br />Average rents for retail space in <br />PMA is $16.46 per square foot per <br />year <br />Vacancy rate for retail space in <br />PMA is 2.2% <br />Rents have been increasing, but <br />not enough to generate significant <br />new construction <br />Downtown Redevelopment Market Analysis –Summary of Findings <br />ЊЋ <br />Centerville City Council <br />May 10, 2023 <br /> <br />