Triad Retail Market Forecast Mark Lindsay, CCIM Lindsay Commercial Properties Counties: Alamance, Davie, Davidson, Forsyth, Guilford, Randolph, Rockingham, Stokes, Yadkin

 Shopping Centers  Power Centers  General Retail  Specialty Centers  Malls Retail Types

 End of 4 th Quarter ,433,289 SF 9608 Buildings 781 Centers INVENTORY

,721sf  1 st Quarter –  178,556 sf completed  2 nd Quarter –  76,563 sf completed  3 rd Quarter  146,964 sf completed  4 th Quarter alone ,638 sf completed 81,305 sf under construction Construction

Sales Activity 15,000 SF or Larger -First 9 months of 2015 – 31 sales - $123,770,800 -$90.15/sf -7.91% cap rate -First 9 months of sales - $59,987,984 --$52.31/sf % cap rate

Historical Delivery Trends

Recent Deliveries

Regional / US Comparison

Rental Rate Trends

Vacancy Rates

Guilford County

Forsyth County

Davidson County

Alamance County

Davie County

Randolph County

Stokes County

Rockingham County

Yadkin County

Based on Trending Date Through 2015 Deliveries and Current Activity  Slight Decrease in Cap Rates  Slight Decrease in Vacancy  Slight Increase in Lease Rates Triad Forecast

Mark Lindsay, CCIM Lindsay Commercial Properties High Point, NC Thank You