While the number of retail properties trading is low, what is trading is going for top dollar. Retailers, meanwhile, are infilling better locations in the Golden State.
While activity is down overall in California retail real estate, the climate itself is vibrant and poised for a comeback. Although the volume of leases getting down is less than it was 3 or 4 years ago, there are a number of large, healthy tenants who have realized now is the time to get into California’s wealthy infill markets that used to have big barriers to entry.