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The pulse New York-Newark-Edison, NY-NJ-PA Retail Real Estate's Robust Performance Washington-Arlington-Alexandria, DC-VA-MD-WV Miami-Fort LauderdaleMiami Beach, FL Forecasting the most profitable retail markets in the U.S. for 2013, Trepp revealed which metropolitan areas are maximizing investor interest. Market Leaders »» New York-Newark-Edison/NY-NJ-PA »» Washington-Arlington-Alexandria/DCVA-MD-WV »» Miami-Fort Lauderdale-Miami Beach/FL »» Los Angeles-Long Beach-Santa Ana/CA »» San Francisco-Oakland-Fremont/CA In the Driver's Seat Expansion: Among restaurants and general retailers Long-Term Leases: Grew in reception and popularity Limited New Construction: Led to greater demand for existing space A Look Back Nationally: 2012, Retail Vacancy Rate: 12.9% [Q 3] 2011, Retail Vacancy Rate: 13.2% [Q 3] 18 | The M Report Metro Areas: »» New York: Moderate growth during 2012 »» District of Columbia: NCF/Revenue growth of 4 percent from 2011 to 2012 »» Miami: Rapid growth during 2012 »» Los Angeles: Strong NCF growth in 2011 and 2012 indicate expansion »» San Francisco: One of the most profitable markets in 2011 and 2012 Los Angeles-Long Beach -Santa Ana, CA Investing in the Future Retail REITs: »» Outperformed all other REIT sectors last year and are expected to remain dominant in 2013 »» Posted a 26.74 percent return in 2012, with gains anticipated during the year ahead Market Costs »» The five leading markets are also among the nation's most expensive »» Stabilizing rents are promoting the best products in the best markets San Franscico-Oakland-Fremont, CA