Marcus & Millichap

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St. Louis Retail Investment Forecast

Retail
Outlook 2019

The local retail market slowly gaining ground. The metro outperformed traditional Rust Belt markets during the early stages of the recovery, but the underlying demographic fundamentals are not as strong as those in the high-growth South and West. Modest demographic tailwinds have been a net positive in terms of supply-side pressure. More

Seattle-Tacoma Retail Investment Forecast

Retail
Outlook 2019

Repositioning of outdated properties motivated by changing consumer tastes. Seattle’s retail landscape has rapidly evolved in recent years. The metro is one of the nation’s top job markets, which has steadily lifted buying power and expanded the population.More

San Jose Retail Investment Forecast

Retail
Outlook 2019

Massive jump in development pushes supply growth to cycle high amid extremely tight environment. Underpinned by some of the world’s largest companies, the San Jose metro holds the highest median household income in the nation. The resulting strength has sponsored extremely robust retail demand, supporting a metrowide vacancy rate well below 5 percent. More

San Francisco Retail Investment Forecast

Retail
Outlook 2019

Construction contracts for third straight year; performance most robust in San Mateo County. Fueled by the lowest unemployment rate since the Dot Com era, San Francisco retail assets have undergone a dramatic upswing. Rising incomes and wages have supported a broad scope of retail assets, underpinning a metro vacancy rate below 3.5 percent since 2011.  More

San Diego Retail Investment Forecast

Retail
Outlook 2019

Prolonged span of limited vacancy continues. San Diego County welcomed a record number of visitors last year, a factor that drove overall consumer demand. Heightened retail spending at necessity and specialty shops encouraged vendors to renew existing leases or expand their local footprints, holding metro vacancy in the high-3 to low-4 percent range for a third straight year.More

San Antonio Retail Investment Forecast

Retail
Outlook 2019

Development surges this year as builders rush to meet space demand. A handful of large projects will more than double last year’s construction level, though vacancy should remain relatively tight. The largest project underway is the Live Oak Town Center at the intersection of Interstate 35 and Loop 1604.  More