Monday, February 23, 2009

More State Street Retail Available

The newest listings on State Street include One World Imports being available for lease and Borders Books being available for sublease. It is not guaranteed that Borders would leave, just that they are advertising their space for sublease.

Combine that with the long standing rumor of an H&M Clothing store taking over the Barnes & Noble space and that leaves many thinking that the revenge of the independent bookseller may be coming.

Santa Barbara retail vacancy is fast approaching 2%. Incredibly low for any market out there but it will be the highest Santa Barbara has seen in 12 years.

1 comment:

  1. Where is Borders advertising for a subleaser? And will their landlord allow it?