Retail pads are hot in Phoenix

Camelback Colonnade Mall
Camelback Colonnade Mall

By Dave Cheatham | AZRE

It is not only the weather that is hot in Phoenix. Shopping center outparcels, also known as “pads” are sizzling hot. Presently there are nearly 200 outparcel properties under construction or proposed in the Phoenix metro area, according to CoStar, a leading commercial real estate information source. These proposed projects range in size from 2,500 square feet up to 10,000 square feet and total nearly 1.3 million square feet of potential space.

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