Brief
Bed Bath & Beyond Vacancies - June 2023
Growth-mode retailers eye new vacancies from Bed Bath & Beyond closures
June 20, 2023 2 Minute Read
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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.