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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.

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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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