Southern California is seeing new tenants and trends, shares Matt Hammond and industry leaders, but there may not be space for everyone.
By Nellie Day | September/October 2022 | As published by California Centers, page 10
There’s a funny thing happening in many Southern California retail markets. There actually isn’t enough space.
The biggest issue right now is that no new retail space has been constructed in several years,” says Carl L. Roude, president and CIO of Red Mountain Group in Santa Ana…
—————————–
Who’s Taking The Space
In a market like Southern California, there are a good deal of tenants from the local players through international brands that are on the hunt for space…
On the anchor side, ethnic, discount and smaller-format grocers are seeking space, while many of the big players remain on the sidelines.
“Asian grocers 99 Ranch Market and H Mart are filling voids in the market and backfilling traditional grocers,” says Matt Hammond, partner at Coreland Companies in Tustin. “They have the advantage of smaller, 20,000-square-foot formats, but can also handle larger, 60,000-square-foot sites as they target niche audiences across Southern California.”
Click here for complete article.