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Market Report

Orange County Retail Market Report

2Q 2022

Regionally Low Vacancy Preserved as Conventions and Well-Paying Job Creation Boost Retail Sales

Calendar of events elevate visitor volume. Orange County entered the second quarter with the lowest vacancy among California markets, highlighted by sub-5 percent availability in four of the metro's five major submarkets. In two of these neighboring locales, North County and Central County, retailers are slated to note near-term improvements in visitor volume and consumer spending as in-person events return to the Anaheim Convention Center. During March and April, the venue hosted a collection of conferences, including the Natural Products Expo West and WonderCon. The center's relatively full calendar of bookings through October indicates an influx of vendors and convention attendees will descend on the area in the coming quarters. This has the potential to generate billions in near-term economic impact and encourage retailer expansions.
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