06/03/2026
Santa Monica retail is entering a major value-add cycle.
Retail transaction volume reached $143 million over the last 12 months, while vacancy remains elevated and average pricing per square foot continues declining.
According to Oron Maher of Maher Commercial Realty, investors are targeting basis discounts while asking rents remain among the highest in the country.
He also points to entertainment zoning changes and new housing approvals as catalysts that may strengthen demand for experiential retail tenants along the Promenade and surrounding corridors.
For retail investors, strip center owners, and value-add buyers, Santa Monica may be entering one of its most interesting acquisition windows in years.
DM us to discuss current retail opportunities in Santa Monica.