Retailers Hungry for SD Locations
The strong local economy also is supporting retailer interest, Heritage Group senior director Kyle Clark tells us. He says the current recovery has taken much longer than past cycles, creating an understandable caution, but consumer confidence has been on the rise. Recently Kyle repped the owners of Santee Town Center in a 1,750 SF lease by Club Pilates, which is the health club’s third location in the area.
Kyle expects the positive fundamentals to continue. There's more disposable income available (partially stemming from lower gas prices), and that will stimulate more spending, he says. Also, retail vacancies are down, and that will create a sense of urgency among tenants looking for quality space. Club Pilates was repped by Pacific Coast Commercial’s Bo Gibbons.
