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i <br />MARKET OVERVIEW <br />THE RETAIL MARKET <br />Retail <br />The retail market continued to see modest <br />improvement, as tonsuaner spending gradaal]y <br />recovers. The overall retail vacaiscy rate declined <br />6,1 percpsatslge point to 1{10,s perrsPt, Led <br />dectiued just o,3 ppercentlge points aver the past <br />year. Growth is the retail sector remains rpetty. <br />with a handful higher -end. chains and specialty <br />retailers posting sand gains. <br />• We suspect the Marl market has turned the <br />comer. Pent growth strengthancd in the first half <br />of the year; rising cs.3 percent #n the first and <br />second quarters. Still, there likely remains alai <br />oversupply of available space; much of which is <br />in E arid C lomtions. The better -performing <br />retailers are moving past these locations, which <br />is helping support new deve1opuitut. <br />Retail Prue vs• Vacancy Rate <br />1.1r6 MI I' {.511 Mas�.1`Fet4# <br />L r1A,1 LlL I'll,.. 4LL4,•*f11g11t Jamtg I - <br />ICI •.y•.•1 1•••1 1....I•. 1••.1... 1' 4#? <br />u: L,.' 05 r, u4 a1 fit m E11 111 is Y] 11 <br />Retail Cap Rate vs. LQ•Yeal Treasury Yield <br />1, eilI, Yps` <br />r <br />40 — <br />It ^^-110..IMYt •- C r Pr <br />—1C•a#• J 10r1ANAlk i <br />- I I I I I I i I a <br />▪ 1• 9 1401' rpn . ]i :LId1 ;Q41. mu. MIK #nL1 }al <br />Irk <br />Retail t ff.ctiy■ Rent Growth <br />'1„a1m. v U {w.e. hl ymL Ost. ey <br />I ■1'.0.41111/401.0 Mirri[ir4MhI1d N 0.,% 1 <br />i <br />"r <br />t2lt. I 1 1 1 1 1 I 1 r4 <br />:3Ge ZIL•F 911W :}1'., . 111 NO AU <br />11 <br />II <br />pay & Darri�rd <br />•1•1 ut tigpitil are <br />l,,.,5+(1 0.411rs1JAM Valid 11.111.1 <br />!. L1J CI.. 1L1.'614 tuft l,h•, <br />11 <br />I 1 1 <br />XIM, kW) f}7L <br />•°1d <br />LI dc13,e <br />Real Personal Consumption Expenditures <br />Ls,. Ulc ll Ll,r • ylY• Inn.,kr. ,J.I,l 1. <br />— fih <br />—I'I.t 1r.Yr1.01__14w4 S.i'ilei: 0..d 0 1-00 <br />a<. Y I i 1 1•' <br />Z.411}7;a Jne+l . w16 .F474 }U 1R1 7 D.7.14 <br />.unmet Relac. Inc., 1IVA linniTtisi. HTh 1101i11.1 Inrlghr, Mfg, <br />Dupl. Inll;LiuL.rrerue PF01 Wel L4 k'111170&movieerr, HA' <br />BANKER <br />C.it7hiri1It[:lAI. <br />City of Ramsey - RFQ <br />rtlI RI f, I AIr1+1NIIJi <br />