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Big box retail activity rebounded in the second quarter after a slow start to the year. According to a report from CBRE, the Los Angeles market had more than 200,000 square feet of net big box retail absorption in the second quarter.

“Demand for class-A big box retail leasing has been driven predominately by specialty grocers and furniture brands in Southern California, with class-B space being a target of fitness users and discount brands,” Rob Crumly, a senior associate at CBRE, tells GlobeSt.com. “The hardest retail spaces to lease—either by location or the condition a space is in—undergo adaptive reuse by landlords, converting them into creative office or multifamily or a mixture of both. Margins in those categories are much higher than retail and can justify additional landlord investment.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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