San Benito High School District Plans 500-Unit Affordable Housing and Retail District on Former Campus Site in Hollister
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed retail deal value tracked in August 2026: $2.7B across 94 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
The San Benito High School District is charting a new future for a long-held parcel at Best Road and Highway 25 in Hollister, swapping its original plan for a second high school there for a walkable district of more t…
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