We have another market update for Santa Monica Commercial Real Estate - Santa Monica retail stores continue to be strong with low cap rates and average prices/sf above $1,150.

Rent growth is at 1.5% with only 15,000 sf of new retail #construction to be delivered in the next 4 quarters.

Hannah Market UpdateCommercial Brokers InternationalMay 6, 2019santa monica, commercial real estate, market update, retail destinatino, rent growth, retail stores, low cap reats, low cap rates, average prices, sf, square feetComment

Experiential Retail’s Growth In Today’s Market

Locally based Paul Davidovac, an agent in capital markets at Commercial Brokers International, says that hands on experiences, and interactive communities are becoming more and more necessary for retail stores, malls, experiential complexes, and shopping regions to thrive in today’s market. According to Davidovac, e-Commerce companies have gained significant market share in today’s retail market place.

Featured Articles, PressPaul DavidovacJuly 21, 2017Paul Davidovac, interactive communities, retail stores, malls, experiential complexes, shopping regions, E-Commerce, retailers, retail evolution, online purchases, in-store purchasesComment

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