City of Novi - Retail Report
Data as of February, 2016 provided by CoStar report

Occupancy

Number of Buildings: 229
Total RBA: 6,379,831 sf
Total Vacant: 150,837 sf   (2.4%)
Occupied : 6,228,994 sf   (97.6%)

Total Leased: 2,400 sf

Availability

Total Vacant Available: 145,111 sf   (2.3%)
Total Available: 442,656 sf   (6.9%)
Direct Total Available: 266,656 sf   (4.2%)
Sublet Available 176,000   (2.8%)

Leasing Activity

Total Net Absorption: 7,747 sf

Direct Triple Rent

Total Retail Avg Rate: $15.80 nnn