Retail fundamentals remain strong on both coasts, but the forces driving growth in Florida and Southern California tell two very different stories.
In a recent GlobeSt. feature, SRS’ John Fahey and Terrison Quinn share insights on population growth, evolving consumer behavior and renewed institutional investment into the retail sector.
While Florida’s retail expansion is being fueled by rapid population growth and a need for additional retail supply, Southern California developers are navigating higher construction and land costs while maximizing demand in infill and mixed-use environments. Despite differing market dynamics, both regions continue to see strong tenant demand, low vacancy rates and growing investor interest.
Read the full article at GlobeSt.com.