Third Quarter 2026
Retail Market Outlook
Orange County
Westwood Financial acquired Peninsula Marketplace, a 95,416-SF Ralphs-anchored shopping center in Huntington Beach, for $45.59 million, or $553.09/SF. The property was 99% leased at sale.
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume rose 25.0% QoQ and 9.5% YoY, while under construction space dipped 4.9% QoQ but remained up 37.2% YoY, reflecting a rebound in leasing activity alongside a still-elevated construction pipeline. Asking rent slipped 0.4% QoQ but held up 1.2% YoY, reflecting modest annual pricing gains despite near-term softness.
SALES TRENDS
Sales volume rose 8.4% QoQ but remained down 33.0% YoY, while average sale price per square foot fell 15.1% QoQ but held up 23.9% YoY, reflecting a partial rebound in transaction activity alongside continued annual pricing strength.
