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Retail vacancies lowest since 2009

Posted by   /  October 29, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter Retail vacancy rates are at their lowest levels in metro Phoenix since 2009 but net leasing activity has totaled a subdued 284,370 square feet so far this year. That is according to third quarter data from commercial real estate brokerage firm Cushman & Wakefield. The Valley’s retail […]

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What’s stabilizing retail real estate in the age of Amazon.com, disruptions

Posted by   /  August 22, 2019  /  By Mike Sunnucks, Real Estate  /  No Comments

Wikipedia By Mike Sunnucks | Rose Law Group Reporter The regional retail vacancy rate is down from last year coming in at 8.1 percent, according to second quarter data from CBRE. That compares 8.4 percent a year ago. The decrease might be a surprise considering the continued upheavals in the retail segment where Amazon.com and […]

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Ranking Arizona: Top 10 retail owners and operators

Posted by   /  July 12, 2019  /  Real Estate  /  No Comments

Michael A. Pollack of Michael A. Pollack Real Estate Investments, which is one of Arizona’s largest, independently owned commercial real estate companies. / AZBigMedia AZBigMedia Here are the Top 10 retail owners and operators in Arizona, based on public voting for the 2019 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. […]

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Closed big-box stores in Tucson morphing into gyms, entertainment centers

Posted by   /  January 29, 2019  /  Real Estate  /  No Comments

  By Gabriela Rico | Arizona Daily Star Former grocery stores around Tucson have morphed into gyms or movie theaters and former department stores and furniture showrooms into entertainment venues. As shopping centers strive to increase foot traffic, more and more tenants are setting up shop for services that can’t be obtained with a click. […]

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Retail is not dead, boring retail is

Posted by   /  August 22, 2018  /  Real Estate  /  No Comments

  Nancy McClure, First Vice President, CBRE Tucson | Real Estate Daily News Sensational headlines proclaiming the demise of physical retail have grabbed the attention of the public recently.  However, consumers are still making the majority of their purchases in brick and mortar stores.  Shoppers are looking for more than merchandise, they are looking for […]

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2018 retail space absorption up 10% over 2017

Posted by   /  July 25, 2018  /  Real Estate News Briefs  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.) Tenant Growth and Limited Construction Stimulate Drop in Retail Vacancy Phoenix,  July 25, 2018 –  Net absorption of retail space in Greater Phoenix surpassed 500,000 square feet for the second quarter in a row, which signaled continued improvement for the market.  Limited construction […]

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Retail resurrection?

Posted by   /  May 31, 2018  /  Real Estate  /  No Comments

E-commerce retailers take a gamble on in-person shopping. By Leah LeMoine | Phoenix Business Magazine You’ve heard of “brick-and-mortar,” but have you heard of “clicks to bricks”? It’s retail lingo for shops that were birthed in the internet ether that have – against recent economic trends – descended to terra firma to take root. “For so […]

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New to Market: 6 projects you need to know

Posted by   /  May 9, 2018  /  Real Estate  /  No Comments

AZRE In each issue of AZRE magazine, we feature six New to Market projects you need to know about.   This issue’s projects feature upcoming hospitality, retail and multifamily projects that are sure to bring new excitement to the communities they’re being built within.   READ ON:

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Phoenix Retail Sector Posts Strongest 1st Qtr. Absorption in a Decade

Posted by   /  May 8, 2018  /  Real Estate  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.)  Healthy Leasing, Declining Vacancy and Rising Rents Result from Strong Economy Phoenix, May 7, 2018 – The Greater Phoenix retail market posted an unusually strong first quarter.  The past three months marked the strongest first quarter performance since 2008 as retailers ramped up […]

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Phoenix retail market posts strongest net absorption in a decade

Posted by   /  February 7, 2018  /  Real Estate  /  No Comments

AZBigMedia The fourth quarter of 2017 brought a spike in net absorption of retail space for the Phoenix retail market, bringing the total for the year to more than 2.8 million square feet.  This was the highest level of net absorption posted since 2007, according to the year-end retail report released by Colliers International in Greater […]

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