December 2006

Provided by Sheryl A. Smith, CCIM, CEO of Smith Real Estate Services

Sacramento Retail:

• Street Retail had the highest average asking rent of $2.13psf/mo.
• Average Asking Sales Prices have come down about 3.9% since mid 2006, across all retail property types.
• About 52% of the listed retail properties are between 5,000-24,999 sf.
• 14^th lowest retail vacancy market in the USA for Q4/2004.

Average Asking Price by retail building size

5,000-9,999sf $258 psf (31% of available property listed)

10,000-24,999sf $224 psf (22% of available property listed)

25,000-49,999sf $192 psf (7% of available property listed)

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