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San Diego’s big box retail market had a strong year, despite a bulk of Toys R Us product coming onto the market. According to research from CBRE, users absorbed 18 big box retail properties totaling more than 600,000 square feet last year. This was roughly a 100,000 square-foot increase in absorption over 2017. The leasing activity was particularly impressive because the Toys R Us closure bought 150,000 square feet to the market in 2018.

“Over the last couple of years, we typically have about 1 million square feet of big box retail space available, and this year was right around that same line,” Michael Peterson, a senior associate at CBRE, tells GlobeSt.com. “We did see an influx of space because of Toys R Us, but it wasn’t a surprising amount of space to see come back. We actually had stronger absorption than 2017, north of 600,000 square feet compared to 500,000 square feet in 2017.”

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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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