1. RETAIL MARKET OVERVIEW
Presented by:
Judi Butterworth
Senior Vice President

2. Top Retail Market Statistics
TABLE OF CONTENTS
Top Retail Market Statistics
Maricopa County Growth per Census

3. PHOENIX METRO AREA – RETAIL Q1 2016
• Vacancy Rate Down to 9.5%
East Valley most improved to 10.3%
• Northwest Phoenix Down to 5.7% Vacancy
Attributed to activity in Deer Valley area
• In the Past 12 Months, Retail Asking Rents Have Increased by 3.2%, Ending the 1st
Quarter at $13.73 PSF
Downtown rents rose 14.5% to $15.21 PSF
• Shopping Center Sales Slowed Modestly and Prices Remain Steady
• Employment and Retail Sales Finally Returned to their Pre-recession Peaks in 2015
• Even with Positive Economic Growth, Vacancies Continue to Rise Due to
Big-box Vacancies
Source: Colliers International

4. CURRENT MARKET • Areas of Higher Activity and Interest
Tempe, Central Phoenix, Santan Mall, Downtown Phoenix, Scottsdale (North/Downtown/South), Queen Creek, Chandler
• Areas of Stability
Arrowhead, Northeast Phoenix, North Phoenix, Southwest Phoenix/Avondale/Goodyear, East Mesa, Peoria/Surprise
• Areas Transitioning
Fiesta Mall, Downtown Mesa, Metrocenter, Buckeye, Northwest Phoenix, Glendale

5. TRENDS
FUTURE TRENDS

6. WRAP UP
SUMMARY

7. THAT’S A WRAP
THANK YOU!