Monday, February 01, 2010

Capitola Mall - Occupancy Check

A year ago this blog covered the occupancy of the 586,000 sq. ft. Capitola Mall due to its loss of Mervyn's and the pending closure of Gottschalk's (more information).

One year later and the occupancy of Capitola Mall is still under scrutiny. Yet, the news is good. Occupancy has increased. Of the 96 potential stores, 8 are unoccupied (shown in red), leaving an 8.3% vacancy rate (or 91.7% occupancy rate).

Since January of 2009, Gottschalk's closed, Kohl's joined the mall, and 4 inline stores have opened. Even with just three anchor stores, it looks as if Capitola Mall will thrive as the dominate retail player in the Santa Cruz area.