According to Crexi.com the following is Downey’s Retail property stats:
Median Capitalization Rate in Downey is = 5%.
Average Price Per Square Foot in Downey is = $523.
Retail Properties in Downey is = 56,739 Square Feet.
If you would like a market value and Capitalization rate calculation on any of your properties Call: Fernando Spindola, or use the contact form below.
In their July 2023 Commercial Real Estate Market Insights Retail Properties info NAR.Realtor said:
Due to the emergence of e-commerce, the “traditional” retail sector has been challenged over the past decade, with the pandemic decreasing activity even further. However, the retail sector was able to remain stronger than pre-pandemic. The vacancy rate has been unchanged for the last three quarters at 4.2%, the lowest vacancy rate among all the sectors- With inflation easing further and interest rates to stabilize later this year, the demand for retail space is expected to remain robust.
Fernando Spindola
Call: 323-456-6110
CCIM® Candidate Member
(Certified Commercial Investment Member)
CCA® – Certified Commercial Advisor®
DRE#: 01745219 – REALTOR®
Big Block Powerhouse Realty