By Mike Butler | East Valley Tribune
Although some East Valley strip malls and neighborhood shopping centers continue to struggle with vacancies, the commercial real estate market is picking up steam, said Michael A. Pollack of Pollack Investments.
“We are in a red-hot market right now,” he said, adding that he can see a day on a not-so distant horizon when East Valley commercial space will be fully leased and have waiting lists.
With scores of shopping centers in the Valley, Pollack has his share of minor vacancies, but many are 100 percent leased. It’s a payoff for the hard work and careful navigation that was needed to make it through the choppy waters of 2008-2011.
