Shifting consumption patterns and evolving behavioral trends are influencing the types of tenants that are expanding in the Phoenix retail market. Analysis of historic leasing activity reveals that experiential retail — including bars, restaurants and fitness-related — have gained market share over goods-oriented tenants such as discount stores and general merchandisers.
Food and Fitness Drive Phoenix’s Retail Market
Experiential Retail Categories Taking Larger Share of Leasing Volume
CoStar Analytics
July 11, 2023 | 7:31 P.M.
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