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Retail construction accelerates in Phoenix, bucking national trend

Local expert weighs in on the 'three factors' bolstering development
Vestar is progressing on Verrado Marketplace, a 520,000-square-foot retail center in Buckeye, Arizona, one of the largest retail projects under construction in the Greater Phoenix area. (Vestar)
Vestar is progressing on Verrado Marketplace, a 520,000-square-foot retail center in Buckeye, Arizona, one of the largest retail projects under construction in the Greater Phoenix area. (Vestar)
CoStar Analytics
May 4, 2026 | 7:22 P.M.

Following more than a decade of limited activity, the Phoenix retail development pipeline is expanding again.

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