Unusually cold and rainy weather and has plagued Los Angeles in recent years, distressing beachside retail landlords from Malibu to Long Beach. While national consumer spending continues to favor services — such as dining, entertainment and leisure — fewer restaurants and stores are opening along Los Angeles’ shoreline, spelling trouble for some sections of the region's retail real estate market.
Some Beachside Retail Properties in Los Angeles Struggle To Draw Demand
Daytime Workers and Tourism Remain Below Pre-Pandemic Levels
CoStar Analytics
April 1, 2024 | 5:53 P.M.
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IN THIS ARTICLE
- Properties
- Third Street Promenade
1337 3rd Street Promenade, Santa Monica, CA