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After Patagonia Departs, Santa Monica Property's Value Drops

Retail Property Adjacent 3rd Street Promenade Sells for $5.9 Million
Patagonia previously occupied a roughly 11,500-square-foot 1344 4th St. store in Santa Monica before moving to a more desirable location nearby during the pandemic. (CoStar)
Patagonia previously occupied a roughly 11,500-square-foot 1344 4th St. store in Santa Monica before moving to a more desirable location nearby during the pandemic. (CoStar)
CoStar News
March 13, 2023 | 10:31 P.M.

Retail vacancies continue to roil property values even in desirable places like Santa Monica, California, an affluent seaside city and tourist destination adjacent Los Angeles.

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