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Former ACRE SoCal President, Ben Terry, Featured in Chain Store Age Article…

Former ACRE SoCal President, Ben Terry, Featured in Chain Store Age Article…

Ben Terry, President, ACRE So Cal: Retailers should look for growth in tertiary markets in 2017. There’s an increase in housing starts in smaller California markets and that’s supporting retail construction there. In Orange County, for instance, high housing prices are forcing people to move farther away. Take Menifee, due east of Irvine. You can get a 3,000-sq.-ft. house there for $400,000.That’s creating a need for high-quality retail there and we’re seeing a lot of renovations.

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