2006 grubb & ellis company consumer spending boosts retail executive summary with robust leasing activity within los angeles county the market tightened during third quarter of even delivery over 1 3 million square feet vacancy rates dropped another 10 basis points to 5 percent confi dence up sharply last month and steady decline gas prices same time frame consumers had more money as a result retailers thrived healthy back school sales figures were reported led by teen clothing stores such abercrombie fitch american eagle outfitters one major hiccup came from wal mart which blamed high energy for failing reach estimated however since recently boosted its fourth expectations while has held investment slowed down reached much deliberate pace prospective buyers in paused see what trends emerge upcoming months volume fell 164 569 previous drop 71