The Phoenix market has officially opened for business, with all retailers allowed to serve customers. While some retailers have decided to stay closed or offer only limited service by their own choice, most are completely open and actually seeing activity from consumers. While there are no specific laws or restrictions in terms of safety, most employers are requiring social distancing, limiting capacity and suggesting protective gear.

"Some restaurants and some retailers are taking a slower approach and have not re-opened yet," Trenton McCullough with Levrose tells GlobeSt.com. "The ones that have reopened are reducing the maximum occupancy to 50%. Most employees of these businesses are also taking extra measures to careful to get everyone to feel as comfortable as possible. That includes implementing six-feet of social distancing and wearing masks. Ultimately, we are seeing retailers reopen."

While most retailers have opened, some are still shuttered indefinitely. Dense, enclosed locations like movie theaters remain closed. "You are going to see a lag with denser retailers, like gyms and movie theaters," says McCullough. "There are questions about how to implement some of these policies." Gyms, for example, have turned to outdoor spaces, but are still limited in the service and the equipment that they can provide. Additionally, outdoor workouts, particularly in markets like Phoenix, will be challenging in the summer.