Second Quarter 2026
Retail Market Outlook
Los Angeles County
Brookfield Properties sold this 330,784-square-foot shopping center to JH Real Estate Partners for $68.5 million ($207 per square foot).
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume rose 8.8% QoQ but remained down 13.0% YoY, while under construction space fell 11.3% QoQ and 27.7% YoY, pointing to a continued pullback in new supply. Asking rent edged up 0.3% QoQ and 1.0% YoY, reflecting modest pricing stability alongside improving leasing activity.
SALES TRENDS
Sales volume rose 58.1% QoQ and 50.0% YoY, while average sale price per square foot fell 40.1% QoQ and 5.2% YoY, indicating a notably more active but lower-priced transaction market.
