• Consumer sentiment hit its highest level since 2000 in Q1 with an expected increase in large durable goods purchases, improved opportunities for job seekers and wage growth.
  • Total retail and food-service sales increased by 5.2% year-over-year.
  • Nationally, demand for retail space remained relatively flat with 14.5 million sq. ft. of positive net absorption.
  • Q1 2017 had the largest first-quarter completions rate since 2009—up by 12.4% from a year ago.
  • After reaching a peak level of 10% in Q2 2010, retail’s overall quarterly availability rate has either fallen or remained flat.
  • The overall retail market has registered 13 consecutive quarters of positive year-over-year rent growth.