In virtually every market in California, panelists see 2020 as worse than today, and this comes on top of the recent increase in vacancies. In the Bay Area, a little over a third of the panelists did some retail development last year and just over half are planning on developing some this year. In Southern California, 40 percent of retail developers are opting not to start a new project in the coming 12 months. The few retail development projects planned will most likely be redeveloping existing space or be a component of mixed-use See more +

In virtually every market in California, panelists see 2020 as worse than today, and this comes on top of the recent increase in vacancies. In the Bay Area, a little over a third of the panelists did some retail development last year and just over half are planning on developing some this year. In Southern California, 40 percent of retail developers are opting not to start a new project in the coming 12 months. The few retail development projects planned will most likely be redeveloping existing space or be a component of mixed-use projects.

View more at http://www.allenmatkins.com/ucla See less -