Danville 4Q10 Retail Commercial Real Estate Market Report

Danville Remain Unscathed Through 2010
Positive absorption was the trend in 2010. Downtown remained stable with a few businesses closing their doors and new shops quickly scooping up on empty space. Grocery anchored shopping centers remain virtually fully occupied. The big story of the year is the success at Blackhawk Plaza, Rose Garden, and The Livery. Overall, Danville retail vacancy rate is dramatically lower than San Ramon, Pleasanton, Livermore, and Dublin (see graph on market report).

Activity along Hartz Avenue brought a couple welcomed additions. That Bar opened in November, filling the vacancy left behind by Vinoteca. Sweet Street took over the former candy store at 301 Hartz in December. La Boulange Bakery opened on Railroad Avenue next to Lunardi’s back in August. Other new businesses in 2010 include Dandelions, The Savvy Shopaholic, Akira Bistro, Los Ponchos, Miglet’s, and Koko Fit club. Despite strong lease activity we did not see a substantial amount of sales through 2010.

The Livery was able to find a flock of new tenants. The year was kicked-off by just about every residential real estate company in town moving to the Livery. In addition, Chase Bank grew into a larger space and the addition of Jules Thin Crust and Stork’s Nest soaked up space. The Rose Garden is looking to continue the leasing momentum created by The Studio taking over the large day spa space left behind by Burke Williams. Blackhawk Plaza also saw an uptick with the addition of Prickly Pear Cantina in the former Coa space and the addition of retailers such as Babycoo, Pink Stripes, and My Backyard.

Read and download the complete Danville Retail Market Report:

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About thestorefront

Commercial Real Estate Broker in the San Francisco Bay Area specializing in retail sales and leasing.

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