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.
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.
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