Tuesday, April 16, 2019

Secondary Retail Highest & Best Use Shifting In San Diego



Commercial rental rates for secondary retail locations have been lagging throughout most of the San Diego County because of the general shake-up going on with primary retailers that have been bearing most of the brunt of the aggregate retail market shift  - which is part of the post-Amazon effect with other retailers following Amazon into subscription programs.   There has been an evident repositioning of primary and secondary retail to medical office, professional uses, and small boutique schools (karate,  yoga, SAT prep), and more coffee shops.  These newer uses are moving into what were once traditionally retail locations.