Kidder Mathews 2018 RETAIL FORECAST Bryan Wirt Retail

Kidder Mathews 2018 RETAIL FORECAST Bryan Wirt, Retail Advisor January 2018

Kidder Mathews AVERAGE LEASE RATES NEW Anchor (30, 000 -60, 000) Junior Anchor (8, 000 -20, 000) Pad (Values) EXISTING Shops Anchor Junior Anchor Pads Shops

Kidder Mathews STATISTICAL TRENDS Vacancy Net Absorption New Construction – 2018 New Construction – 2019 -2020 Investment Sales Capitalization Rates

Kidder Mathews EXPERIENTIAL RETAIL TRENDS (No Merchandise)

Kidder Mathews COUNTRY CLUB PLAZA Cinema West, Rebounders, former Macy’s building

Kidder Mathews QUARRY PLACE, ROCKLIN Pac ific St Demolished Kmart building replaced with multi-family (180 Units) & single-family (44 Homes), 10, 000 sf of Retail Su ns et Bl vd

Kidder Mathews ELK GROVE COLLECTION 525, 000 sf with 65% Food & Entertainment - Hybrid Outlet Center

Kidder Mathews ARDEN CREEK TOWN CENTER, WATT & ARDEN Standard Repositioning

Kidder Mathews 2018 FORECAST • 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

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