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BUSINESS & REAL ESTATE | MARKET TRENDS OCEAN SPRAY The Henderson commercial market added 113,000 square feet of inventory during 2015. 24 Commercial Real Estate Supply Considerations/Henderson Market Area Existing Supply Future Supply Sector Total Inventory Vacant Inventory Under Construction Planned Office 7,010,914 1,637,184 0 116,044 Industrial 13,073,217 397,574 694,576 922,300 Retail 9,454,001 749,268 0 1,163,459 Total 29,538,132 2,784,026 694,576 2,201,803 Source: Applied Analysis Commercial Real Estate Snapshot/Henderson Market Office 2013 2014 2015 Vacancy Rate 24.60% 25.40% 23.40% Completions 84,660 0 11,329 Net Absorption 142,002 (53,985) 153,519 Industrial 2013 2014 2015 Vacancy Rate 7.30% 4.80% 3.00% Completions 0 366,000 81,726 Net Absorption 314,336 662,941 302,782 Retail 2013 2014 2015 Vacancy Rate 10.20% 8.30% 7.90% Completions 11,540 195,000 20,019 Net Absorption (11,708) 958,520 50,423 Source: Applied Analysis


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