{"id":1004114975,"date":"2015-03-11T06:57:43","date_gmt":"2015-03-11T14:57:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004114975"},"modified":"2022-03-03T07:55:30","modified_gmt":"2022-03-03T15:55:30","slug":"market-snapshot-lets-go-shopping-in-la","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/","title":{"rendered":"Market Snapshot: Let&#8217;s Go Shopping in LA"},"content":{"rendered":"<p><i>By Alex Girda, Associate Editor<\/i><\/p>\n<div id=\"attachment_100411\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-100411\" data-attachment-id=\"1004114976\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/l-a-retail-vacancy-cbre\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg\" data-orig-size=\"436,297\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"L.A. Retail Vacancy CBRE\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg?w=436\" class=\" wp-image-1004114976\" title=\"Los Angeles Retail Market - Vacancy Rate Q4 2014\" alt=\"Los Angeles Retail Market - Vacancy Rate Q4 2014\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg\" width=\"240\" height=\"163\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg 436w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg?resize=300,204 300w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-100411\" class=\"wp-caption-text\">Los Angeles Retail Market &#8211; Vacancy Rate Q4 2014<\/p><\/div>\n<p style=\"text-align: justify\">As Los Angeles sees overall improvement in all major real estate sectors, including industrial, office and multifamily, the city is recording growth in the retail market, a major component of the area\u2019s economy. With unemployment down by the end of 2014 to a rate of 7.9 percent, a 60 basis point decrease over 2013, and temporary jobs in the retail industry bolstered by seasonal sales, Los Angeles ended 2014 on a high in retail.<\/p>\n<p style=\"text-align: justify\">In terms of space, vacancy has been dropping over the past seven quarters in Los Angeles, CBRE data shows. The last recorded average vacancy rate in Los Angeles stood at 5.3 percent at the end of 2014, with the best performing submarkets in the area being Greater Downtown, Mid-Wilshire, San Fernando Valley, South Bay, Mid Cities and West L.A. The decline in vacancy comes as a result of increasing absorption, with the rate increasing over the past three quarters.<\/p>\n<p style=\"text-align: justify\">In terms of retail space development, the city has a large amount of space expected to come online in 2015, with Q4 2014 seeing around one million square feet of space under construction in the Greater Los Angeles area. A large amount of that space will come online in downtown where The BLOC development project is currently nearing completion, while The Village in Woodland Hills will single-handedly add more than 530,000 square feet of retail space.<\/p>\n<p><em>Chart courtesy of <a title=\"CBRE\" href=\"https:\/\/www.cbre.us\/Pages\/Home.aspx\" rel=\"nofollow noopener\" target=\"_blank\">CBRE<br \/>\n<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los Angeles is taking baby steps toward retail recovery.<\/p>\n","protected":false},"author":41,"featured_media":1004114976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004114975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Market Snapshot: Let&#039;s Go Shopping in LA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Snapshot: Let&#039;s Go Shopping in LA\" \/>\n<meta property=\"og:description\" content=\"Los Angeles is taking baby steps toward retail recovery.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-11T14:57:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T15:55:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"436\" \/>\n\t<meta property=\"og:image:height\" content=\"297\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Market Snapshot: Let&#8217;s Go Shopping in LA\",\"datePublished\":\"2015-03-11T14:57:43+00:00\",\"dateModified\":\"2022-03-03T15:55:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/L.A.-Retail-Vacancy-CBRE.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/\",\"name\":\"Market Snapshot: Let's Go Shopping in LA - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/L.A.-Retail-Vacancy-CBRE.jpg\",\"datePublished\":\"2015-03-11T14:57:43+00:00\",\"dateModified\":\"2022-03-03T15:55:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/L.A.-Retail-Vacancy-CBRE.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/L.A.-Retail-Vacancy-CBRE.jpg\",\"width\":436,\"height\":297},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-lets-go-shopping-in-la\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Snapshot: Let&#8217;s Go Shopping in LA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Snapshot: Let's Go Shopping in LA - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/","og_locale":"en_US","og_type":"article","og_title":"Market Snapshot: Let's Go Shopping in LA","og_description":"Los Angeles is taking baby steps toward retail recovery.","og_url":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-03-11T14:57:43+00:00","article_modified_time":"2022-03-03T15:55:30+00:00","og_image":[{"width":436,"height":297,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg","type":"image\/jpeg"}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Market Snapshot: Let&#8217;s Go Shopping in LA","datePublished":"2015-03-11T14:57:43+00:00","dateModified":"2022-03-03T15:55:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/"},"wordCount":253,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/","url":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/","name":"Market Snapshot: Let's Go Shopping in LA - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg","datePublished":"2015-03-11T14:57:43+00:00","dateModified":"2022-03-03T15:55:30+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg","width":436,"height":297},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-lets-go-shopping-in-la\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Market Snapshot: Let&#8217;s Go Shopping in LA"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/L.A.-Retail-Vacancy-CBRE.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004114975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004114975"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004114975\/revisions"}],"predecessor-version":[{"id":1004570090,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004114975\/revisions\/1004570090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004114976"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004114975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004114975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004114975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}