 
          Appendix  |  279
        
        
          
            
              Exhibit IV-4
            
          
        
        
          
            RETAIL ABSORPTION VS. COMPLETIONS
          
        
        
          
            DEEP CREEK SUBMARKET
          
        
        
          
            2006-2014 YTD
          
        
        
          50,000
        
        
          100,000
        
        
          150,000
        
        
          200,000
        
        
          250,000
        
        
          300,000
        
        
          
            2006-2013 Avg. Absorption:
          
        
        
          38,000
        
        
          
            2006-2013 Avg. Completion:
          
        
        
          35,000
        
        
          SOURCE:  CoStar
        
        
          -50,000
        
        
          0
        
        
          2006
        
        
          2007
        
        
          2008
        
        
          2009
        
        
          2010
        
        
          2011
        
        
          2012
        
        
          2013
        
        
          2014 YTD
        
        
          Absorption Completions
        
        
          
            Exhibit IV-4
          
        
        
          E4-11982.40
        
        
          Printed: 3/27/2014
        
        
          CITY OF CHESAPEAKE