Retail Markets Show Sign of Improvement

While retail continues to be the weakest asset in commercial real estate, the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that after two years of pessimism in the Bay Area, the panel now reports that it is optimistic about 2022. In Southern California there remains general pessimism, but it is not as uniform across panel members as in previous surveys. This Survey shows that retail markets will see some improvement, particularly in the Bay Area, and there will be more opportunities down the line as retail’s brick-and-mortar capital continues to realign to meet 21st century needs.

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