X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

More from this author

GlobeSt. NET LEASE 2020Event

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

Get More Information
 

GlobeSt

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

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.