Several developers are pushing forward with major retail plans as the economy continues its post-pandemic rebound.
In a recent interview, SimonCRE CEO Joshua Simon noted West Valley retail has seen a significant uptick, fueled by new employment opportunities and population growth.
Colliers International reports slightly more than 144KSF of retail space currently under construction in the West Valley and more than 672KSF in metro Phoenix overall.
Among the SimonCRE’s current projects are Jackrabbit Ranch Marketplace in Buckeye, an 800KSF development in the Prasada master-planned community in Surprise, an RV and boat storage facility nearly Loop 303, and a 43KSF retail center in Glendale, for which it recently received a rezoning approval.
Simon credits increased housing, better transportation and a high degree of industrial/employment development in the West Valley, coupled with the traditionally higher affordability on that side of town, as contributing to retail opportunities for developers. (Source)