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Furniture retailers are fueling retail leasing activity, and quickly becoming a top retail user. According to research from CBRE, furniture retailers have seen a 4.4% boost in sales year-over-year, while wholesale and rent-to-own furniture retailers have seen the most substantial sales growth. Low home sales have likely spurred the increase in furniture retail activity, as well as increased consumer confidence.

“It’s no secret that Southern California can be a tough market for young professionals and families to find an affordable place to live in,” Dan Hunker, retail research analyst at CBRE, tells GlobeSt.com. “The average price for a house in the SoCal region is $540,000, and this can vary wildly depending on the neighborhood. Now more than ever, residents are looking to find ways of saving money, often by renting a smaller and more affordable space. Smaller living accommodations generally mean far less space to furnish, which in turn fuels demand for smaller, modular, and cheaper furniture.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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