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The Valley's Strip Mall Dilemma

PHOENIX—A brief tour of downtown and the Valley's suburbs gives a semi-accurate snapshot of the strip mall vacancy scenario: there are vacancies aplenty, and it doesn't look as though the outlook will be changing any time soon.

By Kristian Seemeyer | Updated on January 08, 2014

PHOENIX—A brief tour of downtown and the Valley’s suburbs gives a semi-accurate snapshot of the strip mall vacancy scenario: there are vacancies aplenty, and it doesn’t look as though the outlook will be changing any time soon.

With a fourth quarter snapshot to date holding the Valley’s strip mall vacancies at 17%, Cassidy Turley broker Brad Douglass tells GLOBEST.COM how the Valley became positioned thus, and what he thinks the future of 2014 holds for strip malls across the Valley. Like a lot of segments of this market, the trouble hearkens not just to the 2008 economic downturn, but to what directly preceded it.

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