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The Retail Market in Phoenix is Bouncing Back in 2018

(COSTAR) - 1 months ago
 Retail rent growth is slowing nationwide this year, but it is accelerating throughout Arizona's Valley of the Sun. As the third quarter draws to a close, the average retail rent in Phoenix has grown by more than 4 percent year-over-year. The market's resurgence has led to a tightening of vacancy rates. Fueled by one of the nation’s heaviest in-migration trends, the local population is growing at nearly three times the national average. The valley......
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