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Report Shows Sag in Shopping Center Activity

SAN DIEGO-A new report shows that investment in San Diego County shopping centers fell sharply in the three months ending Sept. 30. But analysts remain confident the market will rebound next year.

By Randyl J. Drummer | Updated on October 31, 2001

SAN DIEGO-According to Flocke & Avoyer, investment in San Diego County shopping centers fell sharply in the three months ending Sept. 30.

Flocke & Avoyer analysts, however, seem confident the market will rebound by the second half of next year. According to the report, only five shopping centers sold during the third quarter of the year comparedwith nearly a dozen at the same time a year ago.

While Sept. 11 might have been a factor in the lower number of sales, the economy was already slowing, according to the report. And it may just be a quarterly blip — 23 shopping centers sold in the county duringthe first nine months of the year, one more than the number sold through the first nine months of last year.

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