City of Temecula Tops List of California's Fastest Growing Retail Markets

The City of Temecula retail market ranks No. 1 among billion dollar California markets in annual growth over the past five years. During the 5-year period 1998-03, Temecula retailers have seen their sales grow by 21% annually.

Temecula, CA (PRWEB) April 30, 2005 -- The California Retail Survey has released its rankings of the fastest growing billion dollar retail markets in California. The City of Temecula ranks No. 1 based on annual sales growth among the 79 cities that have at least $1 billion in retail sales.

During the 5-year period 1998-03, the Temecula retail market has expanded at a 21% annual rate, compared to a statewide rate for all California markets of 6.9%. Over this five-year span, Temecula has seen its retail market grow from $707 million to $1.8 billion, an increase of $1.1 billion.

Of the 79 $billion markets, eleven (including Temecula) expanded at double-digit rates, and 40 markets had annual growth rates above the statewide average of 6.9%. In addition to Temecula, other cities in the top ten rankings (and annual growth rates) include Folsom (20.5%), Roseville (17.3%), Ontario (12.9%), Corona (12.8%), Victorville (11.4%), Palmdale (11.1%), Long Beach (10.6%), Santa Clarita (10.6%), and Oceanside (10.6).

Of the ten top performing markets, eight are located in Southern California, while only two markets in Northern California ranked among the top ten (Folsom & Roseville). Retail markets with the lowest annual sales growth during this 5-year period were all located in the San Francisco Bay Area, and included ten communities in the San Francisco Bay Area

Complete rankings and sales data and growth rates on these 79 "billion $ markets" can be found at http://californiaretailsurvey.netfirms.com/new_page_2.htm

The California Retail Survey is an independent market research advisory publication that focuses solely on the California retail market. In terms of geographical coverage, retail sector coverage, and sales trend data and analysis, it is believed to be the most comprehensive service of this type available on Californias $320 billion retail marketplace. The Survey is completely revised and updated annually.

The Survey is used by over 1500 corporate and governments customers, including financial institutions, shopping center developers, advertising agencies, commercial real estate appraisers, economic development agencies, marketing consultants, and a wide range of media organizations including newspapers, radio, and television.

Additional information on the California Retail Survey, and its local retail markets rankings and analysis, please contact:

James Vaughn
Editor
California Retail Survey
Sacramento, Ca.
Tel: (916) 331-3104
URL: http://californiaretailsurvey.netfirms.com/

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