SAN DIEGO–A booming economy, growing population base and brisk consumer spending have sent this county’s retail vacancies to a record low and triggered a new construction wave that probably won’t recede for at least another year, local real estate analysts and brokers say.

Moreover, two new reports on the county’s retail market show that e-commerce is having little effect on the bricks-and-mortar spending habits of San Diegans. Retail vacancies at the start of the third quarter stood at a record-low 3.7%, nearly half the 6.3% vacancy rate of a year earlier, according to statistics compiled by the San Diego office of CB Richard Ellis.

Tenants absorbed more than 1.3 million sf of retail space in the county during the first six months of the year, according to a different report by locally based Burnham Real Estate Services. That compares to 1.7 million sf of absorption for all of 1999. A full slate of tenants accompanied the opening of the nearly 500,000-sf Marketplace at Mira Mesa, anchored by Home Depot.

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