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San Diego Retail Big Box Report | H2 2021

10 mar. 2022

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  • Large vacancies are trending down. In Q4 2021, big box vacancy fell to 784,075 sq. ft., a 21% decline from 2020’s year-end mark of 992,029 sq. ft., and the second-lowest year-end figure of the past five years.
  • Former Kmart locations accounted for what were easily San Diego’s largest big box vacancies at the end of 2021. 
  • The late-year emergence of Omicron, a highly contagious variant of the coronavirus, cast uncertainty over the start of 2022.