Orange County Retail Market Report
Vacancy Stays Regionally Low as Events,
New Well-Paying Jobs 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.