2018 retail forecast Kidder Mathews Bryan Wirt, Retail Advisor January 2018
NEW EXISTING AVERAGE LEASE RATES Kidder Mathews Anchor (30,000-60,000) Junior Anchor (8,000-20,000) Pad (Values) Shops Anchor Junior Anchor Pads NEW EXISTING
TRENDS Statistical TRENDS Kidder Mathews Vacancy Net Absorption New Construction – 2018 New Construction – 2019-2020 Investment Sales Capitalization Rates TRENDS
EXPERIENTIAL RETAIL TRENDS Kidder Mathews EXPERIENTIAL RETAIL TRENDS (No Merchandise)
COUNTRY CLUB PLAZA Kidder Mathews Cinema West, Rebounders, former Macy’s building
QUARRY PLACE, ROCKLIN Kidder Mathews Demolished Kmart building replaced with multi-family (180 Units) & single-family (44 Homes), 10,000sf of Retail Pacific St Sunset Blvd
ELK GROVE COLLECTION Kidder Mathews 525,000sf with 65% Food & Entertainment - Hybrid Outlet Center
ARDEN CREEK TOWN CENTER, WATT & ARDEN Kidder Mathews ARDEN CREEK TOWN CENTER, WATT & ARDEN Standard Repositioning
2018 FORECAST Kidder Mathews Strong holiday retail sales increases optimism for 2018 Robust economy will keep retail sales up Increased housing construction will drive new grocery anchored developments Overall vacancy, and absorption will remain relatively flat while lease rates will increase in desirable areas and decrease in others
Thank you Presented by BRYAN WIRT KIDDER MATHEWS