The retail vacancy rate in San Diego is below the national average of 6.0%. A 4.0% vacancy creates a viable opportunity for investors to acquire stable return on investment. The retail properties are priced higher in San Diego and investors are seeking to grab a piece of the pie. The good news is vacancy rates are stable and the San Diego economy continues to prosper.
Excerpts from Article:
“The San Diego retail market did not experience much change in market conditions in the first quarter 2015.”
“The vacancy rate went from 4.0% in the previous quarter to 4.0% in the current quarter.”
“Tenants moving into large blocks of space in 2015 include: HomeGoods moving into 30,000 square feet at 961 Lomas Santa Fe Dr; Mercedes-Benz moving into 25,000 square feet at 875 El Cajon Blvd and Planet Fitness moving into 16,070 square feet at 6501 University Ave.”
Citation and Link: Sumner, Justin 23 Apr. 2015. “Market Trend: San Diego Retail Vacancy Stays at 4.0%,” Costar Group. 6 May. 2015 http://www.costar.com/News/Article/Market-Trend-San-Diego-Retail-Vacancy-Stays-at-40/170878
Picture & Citation: Pilic, Anna 22 Nov. 2013. “Thing To Do in San Diego: Shopping” School of Management: Alliant International University. 6 May 2015. http://asmblogs.alliant.edu/things-san-diego-shopping/