Exactly this time last year the entire world was at a standstill and many were afraid and uncertain of the future.  In 2020 the Southern California coastlines were not immune to devastating business interruption which ultimately led to significant tenant defaults.  Although we still have a long road to recovery (especially for retail properties) we have seen commercial properties along the southern California coastline recover much quicker than expected.  Vacancies are being absorbed as tenants are making investments for the future.  Some restaurants are booming again with sales levels exceeding pre-pandemic levels. 

According to the Bloomberg article, “California Defies Doom With No. 1 U.S. Economy“, this recovery is evident in the macro-economic results for the entire state of California remaining the No. 1 U.S. economy. 

Californians have always invested in the future.  We believe this recovery trend will continue to outperform the rest of the country, especially for southern California coastal properties.