CompetitiveRetail Rent Survey

CompetitiveRetail Rent Survey NO. PROPERTY Town Square Las Vegas Blvd. & 215 Las Vegas, NV Mandalay Bay Place Las Vegas Blvd. & Tropicana Las Vegas, NV Crystals at CityCenter Las Vegas Blvd. S of Harmon Las Vegas, NV Miracle Mile Shops Las Vegas Blvd. & Harmon Las Vegas, NV Forum Shops at Caesars Las Vegas Blvd. N of Flamingo Las Vegas, NV The Grand Canal Shoppes 3377 Las Vegas Blvd. S Las Vegas, NV The Shoppes at the Palazzo 3327 Las Vegas Blvd. S Las Vegas, NV Fashion Show Mall 3200 Las Vegas Boulevard S. Las Vegas, NV DESCRIPTION Sub-Type: Lifestyle Center Year Built: 2008 Total GLA: 900,000 Sub-Type: Specialty Center Year Built: 2003 Total GLA: 90,000 Sub-Type: Specialty Center Year Built: 2009 Total GLA: 360,000 Year Built: 2000 Expansion: 2007 Renovation: 2008 Total GLA: 490,000 Sub-Type: Specialty Center Year Built: 1992 Expansion: 1997 Rennovation: 2004 Total GLA: 650,000 Sub-Type: Specialty Center Year Built: 1999 Total GLA: 500,000 Sub-Type: Specialty Center Total GLA: 320,000 Anchor GLA: 85,000 Anchor Ratio: 27% Sub-Type: Super Regional Center Year Built: 1981 Expansion: 1993 and 2002 Renovation: 2002 Total GLA: 1,868,219 Anchor GLA: 1,259,154 Anchor Ratio: 67% ANCHOR TENANTS Saks, Whole Foods, Apple Retail bridge between Mandalay & Luxor with shops, restaurants Upscale specialty retail project on Las Vegas Blvd. in CityCenter Specialty retail center at Planet Hollywood Upscale/themed retail project at Caesars Upscale/themed retail project at The Venetian Barney’s New York Dillard’s, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Macy’s-North, Forever 21 IN-LINE SHOP RENT/SF SALES/SF $40 - $80 $400 -$600 $60 - $90 $500 -$600 $90 - $120 $900 -$1,500 $65 - $85 $800 -$900 $100 - $125 $1,000 -$1,200 $85 - $110 $900 -$950 $80 - $100 $900 -$925 $80 - $100 $800 -$1,000 VACANCY 10.0% 5.0% 12.0% 7.0% 1.0% 6.0% 11.0% 4.0% HOUSE_OVERSIGHT_018801