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General Plan Update - City of Inglewood

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Table 4-6<br />

<strong>City</strong> <strong>of</strong> <strong>Inglewood</strong><br />

Retail Market Lease and Vacancy Rates: 2006<br />

Shopping Center Rate/SF/Month Vacant Total Vacancy<br />

Name/Location NNN SF SF Rate<br />

1 Airport Plaza Not Available 6,422 23,523 27.3%<br />

2 Century Hawthorne Not Available 0 12,407 0.0%<br />

3 Century Plaza Not Available 0 210,000 0.0%<br />

4 Century Square $2.05 0 16,309 0.0%<br />

5 Crenshaw Imperial Shopping Center $1.50-$2.25 8,709 152,360 5.7%<br />

6 Crenshaw Imperial Plaza $1.25-$2.25 40,608 215,034 18.9%<br />

7 Food 4 Less Not Available 0 109,014 0.0%<br />

8 Holly Park Plaza Not Available 2,702 30,212 8.9%<br />

9 Hollywood Park Marketplace Not Available 0 435,000 0.0%<br />

10 <strong>Inglewood</strong> Center Not Available 6,083 102,276 5.9%<br />

11 La Brea Plaza $1.25-$2.37 2,839 45,100 6.3%<br />

12 Manchester Business Park Not Available 0 8,352 0.0%<br />

13 Manchester Plaza Not Available 0 4,516 0.0%<br />

14 Unnamed Shopping Center Not Available 0 8,519 0.0%<br />

15 The Village at Century (2) $0.92-$3.00 0 193,000 0.0%<br />

16 Village Manchester Not Available 0 7,166 0.0%<br />

Total 67,363 1,572,788 4.3%<br />

1.Triple net ("NNN") rental rate assumes that tenant pays their share <strong>of</strong> operating expenses, such as<br />

property taxes, utilities and maintenance and insurance.<br />

2. The Village at Century project has just been completed and businesses are starting to open.<br />

Businesses that have not opened are not included under vacancies.<br />

Source: Stanley R. H<strong>of</strong>fman Associates<br />

4-6 Retail Market Lease and Vacancy Rates: 2006<br />

Stanley R. H<strong>of</strong>fman Associates, Inc. 48 Economic Conditions and Trends<br />

April 20, 2006<br />

<strong>City</strong> <strong>of</strong> <strong>Inglewood</strong> <strong>General</strong> <strong>Plan</strong> <strong>Update</strong>

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