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Market Reports

Metro Markets

The retail landscape in Los Angeles is facing a combination of structural and cyclical challenges. Despite experiencing slow growth over the past two decades, the city’s population began declining in 2018, resulting in an overall decrease in the demand for local retail services. The rise of hybrid work arrangements due to the pandemic has particularly impacted the demand for restaurants and services around major office hubs, stretching from Downtown L.A. to Santa Monica. Despite an overall negative trend in demand, there is a notable shift in post-pandemic shopping behavior, with a preference for neighborhood centers.

These centers, which attract a variety of tenants including grocers, are experiencing a reduction in availabilities. Consumer preferences are shifting towards convenient centers that provide easy access and various shopping methods. Notably, fitness companies such as Planet Fitness and Gold’s Gym, along with boutique gyms, are actively securing space in neighborhood centers this year. This emerging trend is significantly increasing the demand for retail in suburban submarkets like Santa Clarita, Antelope Valley, and parts of the San Fernando Valley, where neighborhood centers play a significant role in the retail inventory.

Below are breakdowns of submarkets found in the Greater Los Angeles area.


Downtown Los Angeles

Arts district, Chinatown, Civic Center, Fashion District, Financial District, Little Tokyo, Historic Downtown LA, South Park, and more.



Chandler Park, Magnolia Park, McNeil, Media Center, Northwest District, Rancho Adjacent, and Vega.


Santa Clarita Valley

Bridgeport, Canyon Country, Castaic, Cheyenne, Newhall, Santa Clarita Valley, Steveson Ranch, Valencia, Old Orchard, and more.


San Fernando Valley

Granada Hills, Lake View Terrace, Mission Hills, Pacoima, Porter Ranch, San Fernando, and Sylmar


Santa Monica

Downtown Santa Monica, Mid-City Santa Monica, North of Montana, Ocean Park, Pico, Sunset Park, and Wilshire Montana


West Hollywood

West Hollywood, Norma Triangle, West Hollywood West, and more.

Successful Client

illi Commercial Real Estate sits down with passionate restauranteur, Cesar Garcia, to discuss his new location for Papa Juan’s Baja Grill.

Papa Juan’s Baja Grill is a restaurant that has been delighting customers with its delicious, homemade recipes inspired by Baja cuisine. With 14 years of experience in the industry, the owner’s passion for food and dedication to customer service shines through.

Learn about his journey from cooking for friends and family to opening a food truck and brick-and-mortar location. Don’t miss the exciting news about the upcoming Northridge location and the owner’s other restaurant concepts.