Southeast Phoenix Valley tops in retail construction!!!
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Retail construction in Southeast Phoenix Valley is growing ever more! The Arizona Republic reports that two-thirds of the record 9.6 million square feet of retail space under construction is in the Southeast Valley. That's the equivalent of at least five new Chandler Fashion Centers. "Coming in the next year and a half will probably be, without a doubt, the greatest amount of retail space opened in the Phoenix area ever," said Bob Kammrath, a Phoenix commercial real estate analyst. The new regional malls, such as Westcor's San Tan Village, are open-air lifestyle centers. Retail analysts and brokers say the surge in new retail in the Southeast Valley is because retail follows the rooftops and craves freeways. Brokers say that the next big retail spurts are expected in Pinal County and the West Valley. The overall retail vacancy in the Valley is at 5 percent.
This type of retail business brings more jobs and those of us living in the Southeast Valley have more shopping opportunities as well.
Our active listings as of today: 52,456...........
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