“San Diego County has 5 million square feet of retail in the planning pipeline…”
- “Space constraints, among other barriers to entry, have long accounted for a dearth of new ground-up retail construction in San Diego County, where many of the retail projects in recent years have been redevelopments of existing centers, rather than wholly new venues.”
- “…rising tenant demand countywide, combined with continued low levels of construction, will result in the region’s already low retail vacancy rate dipping to 4.4 percent by year’s end. Rents are expected to rise 2.5 percent, to an average of $23.70 per square foot.”
- “A potential sign of future investor demand in South County was the recent sale of The Marketplace at Windingwalk, in Chula Vista’s Eastlake community, for $51 million.”
Citation and Link: Hirsh, Lou. “Retail Projects Follow New Residential Sites.” San Diego Business Journal. N.p., 25 May 2016. Web. 31 May 2016. http://www.sdbj.com/news/2016/may/25/retail-projects-follow-new-residential-sites/
Picture Citation and Link: Hirsh, Lou. “Retail Projects Follow New Residential Sites.” San Diego Business Journal. N.p., 25 May 2016. Web. 31 May 2016. http://www.sdbj.com/news/2016/may/25/retail-projects-follow-new-residential-sites/