Brief

Bed Bath & Beyond Vacancies - June 2023

Growth-mode retailers eye new vacancies from Bed Bath & Beyond closures

June 20, 2023 2 Minute Read

Looking for a PDF of this content?

Retail real estate is tough to find despite current economic conditions. There is little availability due to constrained supply, especially in Southern California. In Orange County, availability dropped 70 bps to 5.3% over the past year. The rate dropped 40 bps to 6.8% in Los Angeles.

 

The rise of e-commerce and the Great Financial Crisis cooled retail development, leaving retailers to compete for desirable locations and floorplates. Bed Bath & Beyond’s latest bankruptcy filing may provide some relief for retailers looking to expand.