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Urban, Social Spaces Permeate Retail as Well

SAN DIEGO—Similar to the trends in office and multifamily, the retail sector is also seeing urban influences, walkability and gathering spaces being incorporated into properties, CBRE’s Carrie Bobb tells GlobeSt.com EXCLUSIVELY.

Carrie Bobb Bobb: “Restaurants continue to be a strong force in the retail space. In 2014, for the first time in US history, restaurant sales surpassed grocery-store sales. Therefore, landlords are allocating a higher percentage of gross leasable area to restaurants today than they did five to 10 years ago.”

SAN DIEGO—Similar to the trends in office and multifamily, the retail sector is also seeing urban influences, walkability and gathering spaces being incorporated into properties, CBRE’s VP, retail services, Carrie Bobb tells GlobeSt.com. A recent San Diego retail-construction report from the firm revealed that the San Diego retail market displayed positive fundamentals throughout 2015, with construction deliveries contributing significantly to positive absorption and adding desirable retailers to the market. We spoke exclusively with Bobb about trends she is noticing in retail development here and who is using this space.

GlobeSt.com: Please tell us about the type of retail redevelopment and new construction you are seeing in the San Diego market. 

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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