Retail Update - Spring 2002

Southgate Mall remains the leader in Sarasota retail with high occupancies and rental rates north of $30 per square foot.  Generally, our market has seen reasonably steady occupancy rates for retail with some small infill projects, but no major projects in some time.  Where are the next retail developments?  Clark Road is a sure bet as residential rooftops increase. It would seem that near or in downtown is a likely spot, but development costs could hamper new retail activity downtown.