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Historical Department Store Sales <br />There is little doubt that the Urban Land Institute's Dollars & Cents of ShopBi~s Centers; <br />1990 - 2008 provides an authoritative chronology of department store and shopping <br />center rental and sales experience. Presented below is an 18 year chronology of <br />department store sales and rents found in Dollars & Cents of Shopping Centers. compiled <br />by Ramsland & Vigen, Inc. The median sales range from $147.06 per square foot to <br />$163.99 from 1990 to 2008. <br />18 Year Chronolosty of Department Store Sates and Rents <br />Department Stores <br /> Median Range of % Median Median Rent <br />Year Sales/Sq. Ft. Rent Rent/Sq. Ft. As % of Median Sales <br /> <br />1990 $147.06 1.0 - 3.0 $2.29 2.00% <br />1993 $150.57 0.0 - 2.5 $1.95 1.50% <br /> <br />1997 $158.19 1.0 - 3.0 $2.95 1.50% <br />2000 $175.95 1.0 - 4.0 $3.33 2.00% <br />2002 $172.51 1.0 - 3.0 $3.53 2.00% <br />2004 $171.03 1.5-3.0 $2.85 1.50% <br />2006 $174.89 1.25-3.0 $3.22 2.00% <br />200$ $163.99 .95-3.0 $3.35 2.00% <br />Source: Dollars & Cents of Shopping centers 1990-2008 <br />Compiled By: Ramsland and Vigen, Inc. <br />Presented below are two graphs. The first graph identifies the 18 year chronology of <br />median sales per square foot from 1987 to 2008. The median sales per square foot are on <br />the vertical axis and the corresponding years on are on the horizontal axis. <br />