March 24, 2026
High street trends diverge from broader retail sector
With the decrease in office and multifamily investment activity in Los Angeles, retail properties have gained increased appeal among investors, largely as a result of sustained limited development in the sector. Transaction activity for retail sales peaked at $6.5 billion in 2022, the most in this 10-year period. Nevertheless, the retail sector experienced a decline consistent with the broader market contraction that began in 2023. Transaction volume decreased by approximately 50% in 2023 to $3.4 billion and fell further to $3.2 billion in 2024, before recovering with a 33% increase to $4.2 billion in 2025.