The Rise of Rancho’s Retail Empire?
Time 1 Minute Read
Categories: Real Estate

GlobeStreet reports that Rancho Cucamonga is in the midst of “retail transformation.” Significant population growth has resulted in both residential and retail development in the city, and further demand is expected—including in the vicinity of the Victoria Gardens Mall.

According to Blake Kaplan, a JLL associate interviewed by GlobeStreet, “Rancho Cucamonga is one of the hottest submarkets in the Inland Empire.” Kaplan points to an increase in restaurant, entertainment and office uses, driven by an increase in residents moving to the area. He credits the Victoria Gardens Mall (which opened in 2004) as the catalyst that demonstrated to developers that the area was primed for investment. He also identifies an influx of higher income households as aiding retail growth, along with access from “[m]ultiple neighboring freeways.”

GlobeStreet’s report concludes with a nod to the continued American desire for home ownership, which appears to be one of the factors driving population growth in the area. Even for professional athletes, the Inland Empire continues to serve as a lower-cost alternative to living in the heart of the Los Angeles metropolis. So long as that continues to be the case, Rancho Cucamonga’s retail transformation seems likely to continue.

  • Counsel

    Christopher serves as Counsel on the Firm’s Capital Finance & Real Estate Team, and is based out of the Firm’s Los Angeles office.  He primarily focuses his practice on the representation of large industrial operators in the ...

  • Partner

    Mark’s practice focuses on commercial real estate transactions across a variety of industries, including in the retail, office and healthcare sectors. His experience includes (i) the representation of healthcare systems in ...

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