West Retail Report
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West Region Retail Transaction Monitor 3Q 2009
Square Feet (TH)
# Transactions
West Los Angeles Phoenix Denver Oakland-East Bay San Bernardino/Riverside Las Vegas San Diego Seattle Orange County Other W
$254 $88 $42 $25 $18 $18 $16 $13 $7 $6 $15
1,531 359 347 281 62 155 88 106 40 38 48
44 10 6 2 4 5 5 2 3 2 4
US Total
$830
5,851
110
Retail Transaction Trends $2,500
300
$2,000 200
$1,500 $1,000
100
$500 $0
# Transactions
Dollar Volume (M)
Metro Statistics - 12 Month Rolling 25th Percentile Mean Median 75th Percentile 5.9% 7.5% 7.1% 8.9% 9,475 35,313 16,519 30,428 10,320 46,218 16,920 44,487 $2,532,404 $7,189,626 $3,420,000 $6,190,390 $139 $294 $248 $378 1 1 1 1 1975 1985 1987 2001
Dollar Volume
Cap Rate Total Size (SF) Total Anchor Area (SF) Sale Price Price/SF (Area Purchased) Number of Floors Year Built
3Q 2009 Metro Statistics Mean Median 7.8% 7.5% 34,785 14,970 56,128 15,616 $5,778,044 $3,269,700 $273 $223 1 1 1989 1991
0 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 #
Gross Rent Multiplier Trends
$M
Cap Rate Trends 7.80%
14.2 14.0
7.60%
13.8 13.6
7.40%
13.4 13.2
7.20%
13.0 7.00%
12.8 12.6
6.80%
12.4 2Q07
3Q07
4Q07
West
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
2Q07
US
3Q07
4Q07
1Q08
West
2Q08
3Q08
4Q08
Based on 12 month averages
2,000,000
6
0
4 2
-2,000,000
$240
Vacancy Rate %
Sq Ft (thousands)
3Q09
Weighted Average Price Per Square Foot Trends 8
$220 $200 $180 $160 $140
0 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 Completions
2Q09
Based on 12 month averages
Supply and Demand Trends 4,000,000
Vacancy Percent
1Q09
US
2Q07
Net Absorption
3Q07
4Q07
West
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
US Based on 12 month averages
Key Submarket and Pricing Activity # Transactions Denver Phoenix Los Angeles Las Vegas San Bernardino/Riverside San Diego Orange County
13 32 55 28 20 25 18
Square Feet (TH) 1,333 1,270 1,155 1,073 890 748 608
Dollar Volume (M) $244 $186 $337 $138 $214 $116 $122
Price Per Sq Ft $183 $146 $292 $128 $240 $154 $201
Based on 12 month averages
For details on individual transactions, please go to the sales comparables section of the Reis website. www.reis.com
Copyright 2009 Reis, Inc.
Page 1
West Region Retail Transaction Monitor 3Q 2009
Albuquerque Colorado Springs Denver Los Angeles Las Vegas Oakland-East Bay Orange County Portland Phoenix San Bernardino/Riverside
Copyright 2009 Reis, Inc.
Salt Lake City San Diego Seattle San Francisco San Jose Sacramento Tucson Tacoma Ventura County
Page 2
Square Feet (TH)
# Transactions
West Los Angeles Phoenix Denver Oakland-East Bay San Bernardino/Riverside Las Vegas San Diego Seattle Orange County Other W
$254 $88 $42 $25 $18 $18 $16 $13 $7 $6 $15
1,531 359 347 281 62 155 88 106 40 38 48
44 10 6 2 4 5 5 2 3 2 4
US Total
$830
5,851
110
Retail Transaction Trends $2,500
300
$2,000 200
$1,500 $1,000
100
$500 $0
# Transactions
Dollar Volume (M)
Metro Statistics - 12 Month Rolling 25th Percentile Mean Median 75th Percentile 5.9% 7.5% 7.1% 8.9% 9,475 35,313 16,519 30,428 10,320 46,218 16,920 44,487 $2,532,404 $7,189,626 $3,420,000 $6,190,390 $139 $294 $248 $378 1 1 1 1 1975 1985 1987 2001
Dollar Volume
Cap Rate Total Size (SF) Total Anchor Area (SF) Sale Price Price/SF (Area Purchased) Number of Floors Year Built
3Q 2009 Metro Statistics Mean Median 7.8% 7.5% 34,785 14,970 56,128 15,616 $5,778,044 $3,269,700 $273 $223 1 1 1989 1991
0 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 #
Gross Rent Multiplier Trends
$M
Cap Rate Trends 7.80%
14.2 14.0
7.60%
13.8 13.6
7.40%
13.4 13.2
7.20%
13.0 7.00%
12.8 12.6
6.80%
12.4 2Q07
3Q07
4Q07
West
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
2Q07
US
3Q07
4Q07
1Q08
West
2Q08
3Q08
4Q08
Based on 12 month averages
2,000,000
6
0
4 2
-2,000,000
$240
Vacancy Rate %
Sq Ft (thousands)
3Q09
Weighted Average Price Per Square Foot Trends 8
$220 $200 $180 $160 $140
0 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 Completions
2Q09
Based on 12 month averages
Supply and Demand Trends 4,000,000
Vacancy Percent
1Q09
US
2Q07
Net Absorption
3Q07
4Q07
West
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
US Based on 12 month averages
Key Submarket and Pricing Activity # Transactions Denver Phoenix Los Angeles Las Vegas San Bernardino/Riverside San Diego Orange County
13 32 55 28 20 25 18
Square Feet (TH) 1,333 1,270 1,155 1,073 890 748 608
Dollar Volume (M) $244 $186 $337 $138 $214 $116 $122
Price Per Sq Ft $183 $146 $292 $128 $240 $154 $201
Based on 12 month averages
For details on individual transactions, please go to the sales comparables section of the Reis website. www.reis.com
Copyright 2009 Reis, Inc.
Page 1
West Region Retail Transaction Monitor 3Q 2009
Albuquerque Colorado Springs Denver Los Angeles Las Vegas Oakland-East Bay Orange County Portland Phoenix San Bernardino/Riverside
Copyright 2009 Reis, Inc.
Salt Lake City San Diego Seattle San Francisco San Jose Sacramento Tucson Tacoma Ventura County
Page 2
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