Studio City Economy Moves Forward....Slowly

Our local economy in Studio City is beginning to show some signs of improvement, but seems susceptible to the sluggishness that has so adversely affected the overall national economy. Some retailers seem to be doing well but several others not so well. Some restaurants report slow to moderate traffic, not enough to show material growth. Real Estate prices in 91604 are firm, but not showing the kind of upside that stimulates additional retail spending. 

The truth is we will need to wait a while longer for a recovery that actually feels good. On the national level, this slow moving recovery is frustrating, but seems to be installing much higher quality growth than the leveraged, go-go borrow-now worry about it later expansion of the last decade. The growth we are getting now is much more likely to stick and build for the future instead of falling apart like the debt fueled recovery of 2003-2008.

Slow and steady is what we can expect for the time being.