In March, we attended an informative breakfast on retail, moderated by Michael Pakravan from Mathews, in a positive and uplifting atmosphere. With an audience mainly consisting of retail property owners, brokers, and retail architects, we explored the factors driving sector growth and the overall health of the market. The panelists shared an optimistic outlook for the year ahead. 

Brandon Stein from Taco Bell shared their expansion strategy centered on the Taco Bell Cantina concept, which introduces alcoholic beverages to their menu. This move signifies a broader trend to attract a wider demographic and extend customer dwell time. Ashley Marlowe of Equinox detailed their strategic growth, emphasizing exceptional amenities such as snow showers. This focus on high-end experiences highlights the luxury fitness market's demand for premium offerings beyond traditional workouts. Travis Strickland of Alliance Hospitality Group provided an encouraging update on the expansion of Coral Tree cafes, focusing on the fast-casual dining segment within California's diverse culinary landscape. 

These three retail companies have expansion plans in their pipelines in a positive momentum for the sector that shows at least 3 signs of continued growth for the quarters ahead: 

• California remains a large and diverse retail market with a significant consumer base.
• Investor interest in well-located retail properties, particularly in strong suburban markets like Orange County, remains strong. Lowering interest rates later in the year could further boost investment and transaction activity. 
• In March, the US retail and food services sales increased by 1.4% from February 2025 and 4.6% year-over-year, with relatively low vacancy rates and modestly increasing lease rates in many areas. 

If you are planning to remodel or open new stores, our specialists can help you streamline your program, combining technology, expertise, and a proven approach.