Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DANA POINT, CA-What appears to be an uptick in retail leasing in Southern California may bode well for the market, but it also poses questions for landlords in how aggressive they should be in seeking new lease terms. Founder Terry Bortnick of locally based Argent Retail Advisors tells GlobeSt.com that the company has negotiated more than 110,000 square feet of retail leases in Southern California in recent months in a significant uptick from the same time last year. However, Bortnick adds, the apparent improvement in market conditions—which also includes strong activity by local and regional retail chains—also presents some strategic questions for landlords as they figure out how to proceed in future lease negotiations.

“There is still a large shadow inventory looming,” Bortnick says. He explains that “shadow inventory” is space that is now occupied by retailers who have enjoyed lower rents and other concessions from landlords who have been intent on keeping their shopping centers occupied.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.