2017 Dayton Retail Market Remained Steady
According to our 2017 Retail Market Survey, the Dayton Area and Dayton Regional Market remained relatively stable during 2017, showing little change overall for the year. Further, as expected, the Dayton Area and Regional submarkets showed mixed results in both occupancy levels and absorption for 2017.
The vacancy in the Dayton Regional Market remained relatively flat with a rate at 14.45% during 2017. Within the Dayton Regional Market, positive absorption trends were observed in the Dayton North, Dayton West, and Springfield sub-markets, while negative trends were observed in the Dayton South, Dayton East, Upper Valley, Xenia, Franklin-Springboro and Lebanon-Middletown sub-markets.
The vacancy rate for the immediate Dayton Area Market (which includes the Dayton North, South, East, West, and CBD markets) was observed at 12.12% during 2017. The Dayton Area Market experienced essentially no change in 2017. Specifically, the results showed the North and West sub-markets trending positively, while the Dayton South and East markets showed some signs of softening in 2017.</P
The Dayton Central Business District and surrounding neighborhoods (especially those near the University of Dayton) continue to attract many commercial and entertainment venues, including restaurants and micro-breweries, as well as “pop-up” retailers. New activity and development also continues around the Austin Boulevard and the Interstate 675/Wilmington Pike interchange, with the Austin Landing and Cornerstone developments, respectively.
All in all, the Dayton Region continues to see new activity. It is expected that the market will remain stable in 2018.
View the 2017 Dayton Retail Market Study →