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Second hand retailers are growing rapidly in Southern California. According to a new report from CBRE, thrift store and re-sell stores have increased square footage by 51% since 2010 in the region. Southern California, however, isn’t alone. These retailers have been growing nationwide, with a total of $28 billion in 2019 alone, and an expectation that sales will double to $51 billion by 2023—barring of course any setbacks from the current corona virus pandemic.

“From a retail perspective, this concept is gaining momentum due to the lack of pressure from e-commerce as well as the singular options that second-hand retailers offer,” Motti Farag, senior associated at CBRE, tells GlobeSt.com. “Each individual second-hand retailer offers its own unique set of products, goods and apparel. Also, customers are often able to find great deals, which elevates their overall shopping experience. Shopping at second-hand retail stores is also experiential because of the excitement associated with finding an item that is truly one-of-a-kind in today’s market. The lack of pressure from e-commerce is due to the low price points associated with the reused products that are found at a second-hand retailer.”

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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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