The Standout Trend in CA Retail Leasing
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Mossman: “To be successful in retail real estate, one has to be forward thinking.”
IRVINE, CA—Many variables play a factor in California’s retail leasing market, but one in particular stands out among the rest, Donahue Schriber’s chief investment officer David Mossman tells GlobeSt.com. We spoke with Schriber during ICSC’s Western Division Conference in San Diego last week to get his take on the retail leasing market in California.
GlobeSt.com: How would you describe the state of the retail leasing market in California?
Mossman: Many variables play a factor in the retail leasing market. One trend that particularly stands out is a continued low supply of new development. This bodes well for companies that weathered the recession. Another important factor is the recovery of home prices. Improved housing markets lend to consumer confidence and that is key to a strong retail environment. The fastest recoveries have taken place in primary coastal markets with dynamic job-growth opportunities, and we now have seen this in our secondary markets as well…
