Phoenix Retail Posts Positive Net Absorption in Q3

Source: Colliers International  The Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic. Vacancy rose slightly during the quarter to 7.7 percent as the city was recognized for comparatively low unemployment and small business closures.  During third quarter, Greater Phoenix posted a 1.7 percent increase in unemployment, finishing September […]

Land Sales Accelerated in 1st Half

By Roland Murphy for Arizona Builder’s Exchange While pricing trends have been mixed, Phoenix area land sales in the first half of 2017 have accelerated, according to a Colliers International in Greater Phoenix report. Land parcel sales rose 11 percent from the second half of 2016, and transactions jumped 50 percent from the first half […]

Don’t Toll the Bell for Retail Just Yet

By Roland Murphy for Arizona Builder’s Exchange Over the past couple of years, the weeping and gnashing of teeth for retail, particularly in the Big Box sector, has been nearly biblical in its intensity. A lot of that doom and gloom, however, may just be an abundance of hype and a dearth of fact. Two […]

Reports Show PHX Retail, Big Box Doing Well

By Roland Murphy for Arizona Builder’s Exchange The Valley’s retail sector closed out 2016 on a high note, according to recently released findings by CBRE Research. The Q4 Phoenix Retail Marketview shows the quarter experienced nearly 600KSF of positive net absorption, the most in 2016, and vacancy dropped four basis points quarter-over-quarter, ending Q4 at […]