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Los Angeles The retail market in Los Angeles looks good for 2017, expect for one wild card.

LOS ANGELES—While the final numbers are still rolling in, it is safe to say that the local Los Angeles retail market had a great year, for both street and daily needs retail. Looking ahead in 2017, experts are concerned about one wild card: the increasing minimum wage. This year, minimum wage will increase to $12 per hour for large businesses and $10.50 per hour for small businesses with fewer than 26 employees. Ed Sachse, executive managing director of Kennedy Wilson Brokerage, says that this could have an impact on retail absorption rates this year.

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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