Phoenix Retail Market Goes From Bleak to Bright
0 CommentExcerpt by Ian Ritter, GlobeSt.com: Read the Full Story
When the recession was in full swing, one of the markets that took the biggest hit was Phoenix. Residential and commercial real estate were overbuilt in the market, and the retail sector became a casualty. That’s all changing now, as retailers are starting to expand into the market. Retail real estate vacancy rates in Phoenix are currently around 10.5% and expected to fall below 10% by the end of the… Read More
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Categories: Americas Retail, ICSC Events, Retail Transactions, Retailers and tagged JLL, jones lang lasalle, Phoenix, retail, Tyson Switxenberg.
It’s no secret that the commercial real estate industry in Texas has been on fire for some time now. The retail real estate sector has certainly not been left out in the cold, executives from JLL told us, focusing on the Dallas, Austin and San Antonio markets.