Retail Insights | April 2025
TIGHT VACANCY AND RISING RENTS: WHAT IT MEANS FOR OWNERS
Retail vacancy rates across the Central Valley have steadily declined over the past decade. In 2015, the average vacancy rate sat at 6.13%. As of Q1 2025, that number has dropped to just 4.63%—a 150 basis point improvement. For commercial retail property owners, this environment presents a clear advantage: strong rent growth potential, higher tenant demand, and upward pressure on asset values.
