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Market Analysis <br />Historical Occupancy - Submarket <br />OCCUPANCY: SANTA AMA RETAIL MARKET <br />-qctAh <br />n- <br />-fUN-e Njecmd Dia 3r7ar:L�. 10 <br />Submarket occupancy is projected to be 95.0% at the end of the current year, which represents no change <br />from the previous year's submarket occupancy of 95.0%. Submarket occupancy for next year is projected <br />to be 95.4%, reflecting an increase from the current year. <br />Historical Net Absorption - Submarket <br />NET ASS0RPT10N: SANTA AMA RETAIL MARKET <br />iOW= <br />sWam <br />,u zss.aca <br />1673�7 ■ .73# T31-4,91 <br />Aa <br />-v zap <br />-�oo-M2 ° <br />cacaos <br />Net absorption in the submarket is projected to be negative 2,647 square feet at the end of the current year, <br />reflecting an improvement from the previous year's net absorption of negative 81,862 square feet. Net <br />CBREVALUATICN &ADVISORYSSWICES 17 © 2025 CBRE, INC <br />