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<br />-
<br />
<br />Survey of Retail Shopping Centers
<br />Ikes Trade.
<br />
<br />Name
<br />ads of Roseville
<br />-Mall
<br />Ie Commons
<br />Ie Marketplace
<br />Ie Square
<br />arry
<br />Total
<br />
<br />Address
<br />1655 County Rd. B2
<br />2100 Snelling Ave. N.
<br />2480 Fairview Ave. N.
<br />2401 Fairview Ave. N.
<br />1601 County Rd. C. West
<br />1500-1730 New Bri~hton Blvd.
<br />
<br />Ci
<br />Roseville
<br />Roseville
<br />Roseville
<br />Roseville
<br />Roseville
<br />Minneapolis
<br />
<br />Total
<br />S .Ft.
<br />335,327
<br />431,110
<br />183,000
<br />147,398
<br />159,861
<br />417,000
<br />1,673,696
<br />
<br />Vacancy
<br />S . Ft. %
<br />16,329 4.9%
<br />8,631 2.0%
<br />5,400 3.0%
<br />o 0.0%
<br />11,930 7.5%
<br />17,822 4.3%
<br />60,112 3.6%
<br />
<br />2004
<br />Absor tion
<br />o
<br />24,278
<br />(1,400)
<br />o
<br />(8,929)
<br />o
<br />13,949
<br />
<br />Net Rental Rates F
<br />$12.00-$1.
<br />$8.00-$2:
<br />$18.00-$2.
<br />$15.00-$2:
<br />$13.00-$2
<br />$2-
<br />$8.00 - $2
<br />
<br />;: United Properties, GVA Marquette Advisors
<br />
<br />
<br />(
<br />
<br />Retail Vacancy and Absorption
<br />Twin Cities Metro Area
<br /> Net
<br /> Total Rentable Vacant Vacancy % Absorption Absorption 2004 Total
<br />Center Type Bldgs. Area Space w/sublease 2004 1st half 2004 2nd half Absorption
<br />Community 95 24,102,371 1,036,402 4.3% 436,407 87,858 524,265
<br />Minneapolis CBD 16 1,478,524 233,607 15.8% 22,446 (5,368) 17,078
<br />Neighborhood 270 17,112,332 1,386,099 8.1% 227,179 150,566 377,745
<br />Outlet Mall 3 788,440 56,768 7.2% (14,580) 7,000 (7,580)
<br />Regional Mall 9 11,645,037 1,735,111 14.9% (148,708) (892,382) (1,041,090)
<br />Specialty 12 1,329,037 410,672 30.9% 44,542 32,697 77,239
<br />St. Paul CBD 7 230,370 68,190 29.6% 0 2,741 2,741
<br />Total Market 412 56,686,111 4,926,848 8.7% 567,286 (616,888) (49,602)
<br />Source: United Pro erties Market Outlook, Janua 2005
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