Strip malls, shopping centers find their feet as market picks up

Gilbert and Ray Rd shopping center
Gilbert and Ray Rd shopping center

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.

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