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Retail Development Reaches Five-Year Low in San Diego

CoStar Insight: Total Inventory Fell in 2019 After Demolitions Ate Into Supply
The Collection at UTC replaces a former Sears at Westfield UTC. (Seritage Growth Properties)
The Collection at UTC replaces a former Sears at Westfield UTC. (Seritage Growth Properties)
CoStar Analytics
January 22, 2020 | 4:55 P.M.

Demolitions in the San Diego area chipped into inventory growth in 2019, in particular the former Sears at Westfield UTC. Another was a 53,000-square-foot former Baby’s R Us that was torn down at the end of 2019 to make way for a Costco gasoline station.

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News | Retail Development Reaches Five-Year Low in San Diego