The retail market
It's uncertain whether changes in consumer behavior altered during business shutdowns and the concurrent escalation in e-commerce and distribution will become permanent. However, supply chain stability, especially in the earliest weeks of shutdowns in late March and April 2020, accelerated trends in both industrial and retail markets, further blending the two product types.
One thing is certain, today’s retail market is more challenging and complex than ever before. You need to understand and respond to ever-changing consumer and market trends, continuously identify opportunities or potential reuse of existing facilities, and make investment decisions quickly and confidently.
2,332
properties
Total big-box inventory (count)
22% of total retail inventory
171.2
million
Total big-box inventory (square feet)
63.3% of total retail inventory
114
properties
Vacant big-box space (count)
5% of total big-box inventory
5.882
million
Big-box space vacant (square feet)
3.4% of total retail inventory
Data is pulled for the Phoenix Retail Market, for box space 10,000-sf and up, excluding restaurant space.