In the News: Olivia LaVecchia & Stacy Mitchell
April 17th, 2018
Media Outlet: Circa
In this story for Circa, reporter Fernando Hurtado details the rent increase for small businesses in a number of different metro areas, including in California areas. In his reporting, Hurtado cites our affordable space report to provide some numbers for the trend. Here’s the coverage:
What’s happening in Highland Park is happening all over the nation. According to one study from the Institute for Local Self-reliance, from 2015 to 2016, retail rents increased by 16% in Oakland and 26% in Charleston. At the root of this increase? A host of factors, according to the study, like a rise in the number of people moving to cities
in search of walkable urban places and a declining supply of small retail spaces.