Jeff Moore Jeff Moore is a senior managing director and heads retail services for Southern California at CBRE.

Fashion is outpacing food and restaurant leasing in the Greater Los Angeles area this year. According to a new report from CBRE, fashion tenants accounted for 15 million square feet in leasing activity in the first half of the year, while food service tenants accounted for 10 million square feet of leasing activity. Food service has quickly become the most coveted and active tenant in the retail niche, but it seems that fashion retailers have also adapted to tenant needs as well.

"The fashion industry has been disrupted. There are many examples of fashion retailers who have gone out of business," Jeff Moore of CBRE tells GlobeSt.com. "Some of that has been due to changing consumer desires, brands that are outdated, ecommerce disruption, too much space or the stores being too large.  Those failures get big headlines."

However, there is also a new generation of fashion retailers that do understand consumer needs, and those retailers are thriving and driving leasing activity. "What is also happening is the emergence of new fashion retailers; e-tailers now opening brick-and-mortar locations, higher-end product that consumers want to try on and experience and customer service, as well as discount fashion retailers that provide quality product along with selection and a strong value proposition," says Moore.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.