Big Box Phoenix Market Added 40 New Vacancies in 2024 As 2024 came to a close, the Velocity Retail Group team wrapped up our annual big box analysis which is a thorough review of every big box greater than 10,000 square feet. Teams drive the entire market to ensure accurate information. The study revealed
Velocity Retail Group produced and hosted an educational event for NAIOP Arizona Chapter members and guests to provide an overview of the retail real estate market in Phoenix. Darren Pitts, Executive Vice President and Board Member for NAIOP Arizona moderated the event. Darren is the first retail-focused Board member for NAIOP
It has been a long ten years, but the vacancy rate for the Phoenix retail market has returned to levels not recorded since 2008. As of the second quarter 2018 the vacancy rate is 7.8%. Compared to 2008 when the vacancy was 7.9%. This improvement is remarkable as our market still
