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Retail Expansion to Continue In Select Markets

SAN DIEGO-Despite a scaling back of expansion plans by retailers nationwide, a new report by Colliers International finds that San Diego will remain a target market for retailers, along with Atlanta, Las Vegas and Phoenix.

By Randyl J. Drummer | Updated on May 03, 2001

SAN DIEGO-This region is expected to remain a target market for retailers, even as the retail landscape is set to slow nationally after a period of robust activity from the late 1990s and into 2000, according to a new report.

Many retailers have scaled back expansion plans in the face of the negative “wealth effect” and much publicized layoffs, according to Colliers International, a commercial real estate firm. Retail developers have responded by scaling back projects in almost all regions of North America.

Based on three-year forecasts for population growth, personal income, housing starts and gross metropolitan product, San Diego is among a group of Sun Belt cities expected to remain target markets for retailers. Atlanta, Las Vegas and Phoenix are other top-tier markets.

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