Phoenix Hits 40-Year Low Retail Vacancy
Retail Vacancy in Phoenix The thriving retail sector in Phoenix has remained strong throughout economic uncertainty. Investor interest is peaked because of the region’s healthy local economy and robust job and population growth. 2022’s retail vacancy rate was 5.3 percent, 250 basis points below 2020’s 8.3 percent vacancy rate, according to CoStar Group. Over the […]
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