Retail Outlook Continues Slow Rebound (Video) – Real Estate

Retail Outlook Continues Slow Rebound (Video) – Real Estate #Retail #Outlook #Continues #Slow #Rebound #Video #Real #Estate Welcome to Lopoid

03 August 2022

Allen Matkins Leck Gamble Mallory & Natsis LLP

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Summer 2022 Allen Matkins/UCLA Anderson Forecast California
CRE Survey


Despite a looming recession and continued economic uncertainty,
retail sentiment continues to rebound from the bottom of the cycle.
The latest Survey indicates optimism in most markets aside from San
Francisco and Los Angeles, where pessimism continues due to many
people continuing to work from home and a lack of foreign tourism.
In the other markets, a limited return to the office has increased
the demand for retail in the core of each city, while the building
of new housing throughout California has created a demand for new
retail close to that housing. There is also expected to be a demand
for the reconfiguration of retail establishments to a more
open-air, post-COVID concept that will attract consumers back to
stores. The booming housing market will continue to generate demand
for retail throughout the state, leading to a turnaround in retail
development and a new retail building cycle that should begin
before the end of 2025.

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