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Kidder Mathews Retail Report February 3, 2011

Posted by Erik Swanson in Research/Data, Retail News.

Recently Andy Robinson of our Valuation Advisory Group compiled KM’s annual retail market research report for 2010.  The report provides a great summary of last years retail leasing, construction and sales activity for the greater Seattle market as well as a picture of the national trends. Kidder Mathews has the largest valuation advisory group in the Pacific Northwest and offers a full range of appraisal, valuation and consulting services.

“As 2010 comes to an end and we look into 2011, the retail market is showing some mild improvement. Retail REITs posted a 33.4% total return in 2010, which outpaced the overall REIT average of 28%. These REITs, which control a significant share of shopping center supply, were able to deleverage when needed, survive the demand decline through diversification, and as the outlook has improved, attract new capital in at both equity and financing levels. Much as the larger economy is seeing a relatively jobless recovery underway, the retail market is exhibiting signs of stabilization but by no means widespread absorption of vacant space. Employment growth has been slightly positive, but it has been only keeping pace with the natural growth of the work force, with the result being that the unemployment rate on a percentage basis has been fairly static. The local employment situation is better than the nation as a whole.”

Check out the full report here. Nice job Andy and the rest of the retail group who contributed information.



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