Posts Tagged ‘the phoenix business journal’

Tweet From the Phoenix Business Journal article “Retailers vacate 609,692 SF in first half – Phoenix Business Journal” on Tuesday July 13, 2010: Retailers continue to abandon property in the Phoenix area with a net loss of 609,692 square feet, or 0.4 percent of the market’s total space, so far this year, according to CB Richard Ellis. CBRE’s second-quarter MarketView for the Phoenix retail market shows a rise in vacancies to 12.2 percent from 11.9 percent last quarter and 10.5 percent a year ago. That’s the 13th consecutive quarterly rise. Vacancies are highest – above 14 percent – in northwest…

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Tweet It looks like our economy is in dire straits for a few more years to come.  According to this December 2, 2009 article below by Mike Sunnucks of The Phoenix Business Journal, both our residential and commercial real estate markets are dead in the water until about 2013.  I’m the last person to want to spread bad news, but I think it’s important for all of us to understand where we stand so that we can take the appropriate action to move forward.  We in Arizona can’t be thinking that since we heard news of the recession ending it…

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