Urban Street Retail

Characteristics of Urban Street Retail (including High Street and Main Street Retail):

• High density locations
• Pedestrian friendly, 24-hour, mixed use environments near transit
• Above average household income and dense population bases
• Provide a desirable shopping experience
• Omni-channel or internet resistant retailers such as necessity based retailers, restaurants, services and luxury goods
• Above average sales per square foot
• High barrier to entry sub-markets with little or no supply
• Irreplaceable real estate in high demand locations

Benefits of Urban Retail

• Tenants want to be there
• Low vacancy risk in some undersupplied urban markets
• Low capital expenditure needs
• Solid rent growth prospects
• Strong cash flow
• Better risk adjusted returns than are typical of suburban retail
• Future redevelopment potential
• Visible value appreciation characteristics

Target Markets

• San Francisco
• Los Angeles
• San Diego
• Portland
• Seattle