Torrance’s business environment is experiencing notable growth and transformation, marked by new retail establishments, substantial property transactions, and a resilient housing market.
Retail Expansion
Rolling Hills Plaza is set to welcome Nordstrom Rack, enhancing its status as a premier retail destination in the South Bay. The store will occupy the former Bed Bath & Beyond space along Pacific Coast Highway, offering a wide selection of apparel, accessories, and home goods at competitive prices. This addition reflects the strength of Torrance’s public-private partnership model, aligning long-term land stewardship with private sector investment to deliver high-quality retail outcomes.
Significant Property Transactions
The Village Del Amo shopping center recently sold for $108.5 million, the highest price paid in 2025 for a retail property in the South Bay. This transaction underscores the strong demand for neighborhood retail centers that cater to local communities. Additionally, a 265,418-square-foot Class A industrial building in Torrance was acquired for $123 million, highlighting the continued attraction of Torrance’s industrial market.
Housing Market Resilience
The Torrance housing market remains robust, with the average home value at $1,128,110, reflecting a 1.0% increase over the past year. Homes typically go to pending in around 13 days, indicating strong buyer demand and a competitive market. The limited inventory, with only 132 homes available in March 2026, further strengthens sellers’ negotiating positions and creates urgency for buyers.
These developments collectively contribute to Torrance’s dynamic economic landscape, offering promising opportunities for businesses, investors, and residents alike.