Third Quarter 2026
Retail Market Outlook
Los Angeles County
Costco Wholesale Corporation acquired a retail shopping center portfolio from Kimco Realty Corporation for $126,683,792, or approximately $252.12/SF.
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 fell 40.6% QoQ and 38.8% YoY, while average price per square foot rebounded 45.0% QoQ but was up a mere 0.4% YoY, indicating a sharp slowdown in transaction activity alongside a quarterly preference for higher-quality space.
