Tuesday, February 24, 2009

Z Gallerie Closing Its Doors

It has been rumored that Z Gallerie will be closing their doors soon. This is part of the company's efforts to trim down their number of stores by about a third or 25 stores.

The impact on Santa Barbara will mean an additional 8,500 SF coming on to the market. We previously mentioned that the retail vacancy for Santa Barbara will approach 2% if the spaces currently being discussed like One World Imports and Borders do come on to the market. Adding this to the mix will definitely push the vacancy over the 2% mark.

No comments:

Post a Comment