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The retail vacancy rates is continuing to decrease thanks to healthy leasing activity throughout Southern California. According to a new report from NAI Capital, the retail vacancy rate in Southern California was 4.6% in the first quarter, down 20 basis points over last year. Los Angeles led the gains with a 40 basis point decrease in vacancy rates at 3.6%, and Orange County followed closely behind with a retail vacancy rate of 3.7%. The leasing gains are surprising considering the unfavorable narrative about the retail market. To find out more about what is driving activity and why retail is getting a bad rap despite strong leasing activity, we sat down with John Cserkuti, EVP at NAI Capital.

GlobeSt.com: Retail vacancy rates are down again for the first quarter. What is driving leasing activity in this market?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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