Category Archives: Retail News & Trends

Valuable expert-provided insight for investors and users of retail property located within the Phoenix market.

JLL’s Chief Economist shares his view on today’s U.S. economy and its impact on Phoenix

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JLL Chief Economist Ryan Severino recently visited Phoenix to present his views on today’s U.S. economy and the impact national conditions may have on the Phoenix commercial real estate market. Here are his top 4 takeaways.

1.Goldilocks economy should continue, with the potential for upside depending upon policy.

Global growth continues to accelerate… Read More

Deadlines to appeal property taxes is fast approaching

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As the real estate market continues to appreciate in value, commercial real estate owners are advised to review and, if prudent, appeal property tax assessments. Counties in Arizona, Utah and California have or will be issuing assessment notices and hearing appeals in the fall providing an opportunity for commercial… Read More

Arizona tourism generates record $21.2 billion in 2016

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In 2016, approximately 43 million people visited Arizona spending a record $21.2 billion in the state. The Phoenix MSA accounted for more than 65.5 percent, or $13.9 billion, of all spending in Arizona. With an estimated Gross Domestic Product of $9.2 billion, tourism is the number one export industry in the state.

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Flix Brewhouse Cinema Eatery Coming to Peoria, Arizona

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Upscale cinema and on-site craft brewer Flix Brewhouse™ is coming to the southeast corner of Lake Pleasant Parkway and Happy Valley Road in Peoria, Arizona.

Flix Brewhouse™, the world’s only combination first-run cinema and dine-in microbrewery, will become the entertainment anchor at the southeast corner… Read More

Net lease momentum isn’t slowing

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At the end of 2016, mega deals in the net lease United States office sector has propelled sales to record high volumes while retail activity remained limited and a slowdown in industrial activity was starting to occur. How does the net lease sector look six months later? We sat down with our national experts, Tivon Moffitt, Peter Bauman and John Paul Mulhern for an update.

It should be a good second halfRead More

12 transformations in the retail industry for the next 25 years

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A part of your job as a retailer or shopping center owner is future-proofing your business. But with so much else to do, there’s little time to think about the future. You’re busy just trying to get through the day. Don’t panic. JLL’s new Retailers Guide to the Galaxy… Read More

Phoenix unemployment rate reaches 10-year low

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Total non-farm employment in Metro Phoenix reached 2,023,400 payrolls in April 2017, representing an annualized increase of 48,800 jobs. As a result, unemployment was reported at 3.9 percent in April, down 60 basis points from one year prior. This is the lowest unemployment rate we’ve seen in Metro Phoenix in ten years.

Job growth was led by the Leisure & Hospitality and Financial Activities sectors, which added 14,700 jobs and 8,800 jobs, respectively.… Read More

Maricopa County has the highest annual population growth in the United States

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Maricopa County grew by 81,360 residents between July 1, 2015 and July 1, 2016, the largest population gain in the nation. Harris County, Texas, had the second-largest net migration, growing by 56,587 people over the same time period.

The city of Phoenix added approximately 32,113 residents over the same time… Read More

Phoenix is one of the fastest-growing metropolitan areas in the U.S.

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Phoenix’s population rose from nearly 4.2 million to more than 4.6 million from 2010 to 2016 based on new population estimates released by the U.S. Census Bureau. Metro Phoenix averaged a total net increase of over 1,436 persons per week over that time period.

Of the top ten metro areas… Read More

Fewer bricks, more clicks, & virtual tellers: Five Changes on the Horizon for Branch Banks

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The banking model of yesterday was all about the brand with the most locations—the “bricks”. Today, banks are measured by how effectively they deliver remote, anytime, anywhere access to their customers—the “clicks.”

The days of the bank branch being the most immediate and visible way customers interact with banks are… Read More