Metro Markets
The Los Angeles retail market has faced challenges such as a rising vacancy rate, slowing population growth, and reduced demand due to pandemic-induced hybrid work arrangements and decreased overnight travel. However, recent leasing volumes have held steady due to business formation, and notable players such as Amazon and Erewhon have expanded their presence. While a recession is projected for the second half of 2023, L.A.’s retail market is projected to remain steady due to a relatively lower retail stock per capita compared to other markets.
Below are breakdowns of submarkets found in the Greater Los Angeles area.
LOS ANGELES
Downtown Los Angeles
Arts district, Chinatown, Civic Center, Fashion District, Financial District, Little Tokyo, Historic Downtown LA, South Park, and more.
BURBANK
Burbank
Chandler Park, Magnolia Park, McNeil, Media Center, Northwest District, Rancho Adjacent, and Vega.
SANTA CLARITA VALLEY
Santa Clarita Valley
Bridgeport, Canyon Country, Castaic, Cheyenne, Newhall, Santa Clarita Valley, Steveson Ranch, Valencia, Old Orchard, and more.
SAN FERNANDO VALLEY
San Fernando Valley
Granada Hills, Lake View Terrace, Mission Hills, Pacoima, Porter Ranch, San Fernando, and Sylmar
SANTA MONICA
Santa Monica
Downtown Santa Monica, Mid-City Santa Monica, North of Montana, Ocean Park, Pico, Sunset Park, and Wilshire Montana