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Retail Market Overview by Judi Butterworth: Phoenix Retail Market Statistics

Gain insights into the Greater Phoenix retail market, submarkets, current activity areas, and shifts. Explore retail industry trends, property types, and the future of shopping technology.

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Retail Market Overview by Judi Butterworth: Phoenix Retail Market Statistics

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  1. RETAIL MARKET OVERVIEW Presented by: Judi Butterworth Senior Vice President May 15th, 2019

  2. Greater Phoenix Retail Market Statistics

  3. SUBMARKETS

  4. SUBMARKETS

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

  6. Retail Industry

  7. • E-Commerce • True multi-channel • • Technology • Artificial Intelligence to Virtual Reality • • Partnerships • Kohl’s takes Amazon Returns

  8. Property Types • Regional Mall • Power Centers • Grocery Anchored Centers vs. / / Industrious

  9. Clips Fujitsu showcases the future of self checkout. https://www.youtube.com/watch?v=TW8JTWUbtDQ Cisco integrates technology with solutions – The future of shopping, now. https://www.youtube.com/watch?v=mdML1IEw3tI

  10. Property Types • Strip Centers • Single-Tenant Buildings vs.

  11. Property Types • • Restaurants/ Food Halls • Local chains, chef driven, experiences • • Outlet Centers • • Lifestyle Centers • $21 NNN • • Mixed Use • Ground Floor Retail is a Bust

  12. WRAP UP SUMMARY

  13. THAT’S A WRAP THANK YOU!

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