RETAIL MARCH MADNESS: A glimpse of how Phoenix's retail market stacks up against the hottest areas in the country compliments of Costar. Markets were divided into four regions patterned after the men’s and women’s NCAA college basketball tournaments: South, West, East, and Midwest. The country's 42 largest retail markets, each with at least 115 million square feet of retail inventory space, were selected for the tournament. Scores were calculated based on the relative ranking of a market against the other 41 largest retail markets in the country.
With a final score of 98 points, Tampa defeated Phoenix in the final match. However, Phoenix came in a close second with many similarities including the continued influx of new Arizona residents, a growing job market, industry-leading growth in IT, manufacturing, aerospace, renewable energy, bioscience, hospitality and tourism...all translating to record-low retail availability and strong demand.
Supporting small business, focusing on water solutions, advancing their position as a global stakeholder, and keeping an eye on business development are all steps in the right direction for Arizona. What have you seen Phoenix do to position itself in continued growth mode for the future? #arizona #phoenix #retail #costar #commercialrealestate #cre #development #growth ULI Arizona Phoenix Business Journal Women in Commercial Real Estate - #womenincre#womenincre Retail Brew Retail World Magazine GPS Commercial Advisors
Regional Vice President at Burlington Stores, Inc. (Los Angeles and Orange County, Arizona and New Mexico)
3moThank you Jason and Matt! We had a wonderful couple of days celebrating our great teams!!! ❤️