by Alyxandria Carter | Aug 13, 2025
Phoenix’s retail market remained one of the strongest in the nation in Q2 2025, with vacancy holding at a record-low 4.5% and annual net absorption reaching 2.8 million SF. Demand from grocery, fitness, dining, and healthcare tenants continued to outpace new supply,...
by Alyxandria Carter | May 1, 2025
The Phoenix retail market remained resilient in Q1 2025, posting 310,263 SF of net absorption despite a modest rise in vacancy to 4.8%. While national closures like 99 Cents Only and Big Lots increased available space, overall availability remains historically low at...
by Alyxandria Carter | Feb 5, 2025
Q4 2024 remained strong for the Phoenix Retail market, driven by job growth and demographic expansion. However, major store closures, including 99 Cents Only and Big Lots, led to a net absorption decline of -270,000 SF. The market availability rate rose to 5.0% but...
by Alyxandria Carter | Oct 30, 2024
Phoenix’s retail market remains tight, fueled by strong demographics, income growth, and job gains that have kept space availability low. Over the past year, Phoenix absorbed 770,000 SF, ranking among the top 15 U.S. markets for retail demand, with quick-service...
by Alyxandria Carter | Aug 1, 2024
In Q2 2024, Phoenix’s retail market remains strong, driven by demographic growth, rising incomes, and job gains. Tenant demand is robust, with significant activity from quick-service restaurants, beverage shops, discount retailers, and experiential tenants. The...
