Submarket Spring 2019 Book Spring 2019 Washington, DC Retail Observations | Page 15

CAPITOL HILL State of the Retail Market SUPPLY Capitol Hill’s 195 storefronts, 45% of which are dining, are largely confined to the Eastern Market area, which serves as a bridge between the Hill and the residential neighborhoods to the east. As new retailers open along Pennsylvania and increase foot traffic, especially along the southeast portion in new developments such as Emilie’s and Frager’s Hardware opening at 1101 Pennsylvania, the retail market will enjoy increased connectivity from Eastern Market to Barracks Row to Hill East. 12,470 s.f. $45-$90 Largest available retail space Asking rent range 0 20 119 *Includes only occupied storefronts to which a price point applies 24 20 24 2 18 REGIONAL 68 79 5.1% Vacancy rate RETAILERS BY CHAIN TYPE RETAILERS BY PRICE POINT 197 Total retail storefronts *Includes only occupied storefronts RETAILERS BY INDUSTRY 44.7% 15.7% 11.7% 8.6% 5.1% Dining Specialty Professional Cosmetic/Beauty Grocery 2.5% Fitness/Wellness 10