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Retail Market Research/Reports

  1. Washington

    1. Seattle Retail Market Report
      Second Quarter 2017

      The retail market continues to be strong in the core markets of Seattle and the Eastside, where most of the employment growth is occurring. The balance of the market ranges from stable to slightly soft. There is positive absorption, new construction, and a strong investment climate for stabilized centers and single tenant net leased properties. Ongoing areas of concern include pressure from e-commerce entities, increasing labor costs, and interest rate increases.

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      Second Quarter 2017 Seattle Retail Market Report
      First Quarter 2017 Seattle Retail Market Report
      Fourth Quarter 2016 Seattle Retail Market Report
      Third Quarter 2016 Seattle Retail Market Report
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  2. Oregon

    1. Portland Retail Market Report
      Second Quarter 2017

      The Portland market stayed at the forefront of national trends in retail during the second quarter of 2017, enjoying 234,871 square feet of positive net absorption. Vacancies held at 4.1%, as fitness centers, food halls, breweries, and other non-traditional establishments supplanted brick-and-mortar stores to keep vacancies low in the area's retail corridors and shopping centers. Meanwhile, local and national investors reaffirmed the strength of metro Portland's retail assets, trading single-tenant properties with nationally known tenants at cap rates below 6%, while well located shopping centers achieved more than $200/sf.

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      Second Quarter 2017 Portland Retail Market Report
      First Quarter 2017 Portland Retail Market Report
      Fourth Quarter 2016 Portland Retail Market Report
      Third Quarter 2016 Portland Retail Market Report
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  3. California

    1. Sacramento Retail Market Report
      Second Quarter 2017

      Similar to other property types within this metro, the Sacramento retail market was hit especially hard by the recession. But thanks to exceptionally strong demand throughout the current cycle, retail vacancies have compressed significantly. Construction has been steady, but 2017 is poised to emerge as the strongest year of the cycle for new deliveries based on what's underway. Sacramento's average rents are a fraction of those in the Bay Area, and healthy rent growth over the last several years has maintained momentum into the first half of 2017.

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      Second Quarter 2017 Sacramento Retail Market Report
    2. San Francisco Retail Market Report
      Fourth Quarter 2016

      The Bay Area retained its place as one of the most competitive and coveted retail markets in the country during the fourth quarter of 2016, as many cities and submarkets flirted with full occupancy, particularly in desirable retail corridors. San Francisco's retail vacancy rate was 1.8% to close the year, while San Mateo and Berkeley hovered around the 1% mark. Rental rates are at or near cycle highs throughout the market, and demand remains robust, as food and beverage concepts take over spaces vacated by traditional, brick-and-mortar retailers.

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      Fourth Quarter 2016 San Francisco Retail Market Report
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  4. Arizona

    1. Phoenix Retail Market Report
      Second Quarter 2017

      The Phoenix retail real estate market experienced almost 725,000 square feet of positive net absorption, leasing activity was nearly 1.3 million square feet, and rental rates continued to increase during the second quarter of 2017. Overall, strong tenant demand bolstered by positive job and population growth enabled absorption to outpace supply additions for the sixth straight year.

      Downloads
      Second Quarter 2017 Phoenix Retail Market Report
      First Quarter 2017 Phoenix Retail Market Report
      Fourth Quarter 2016 Phoenix Retail Market Report
      Third Quarter 2016 Phoenix Retail Market Report
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