Retail Booming population growth continues to attract new retailers to the West Valley, particularly grocers, restaurants and fitness users. The West Valley’s retail base is 53.9 million sq. ft., with another 551,732 sq. ft. in development. This includes Verrado Marketplace, a 500,000 sq. ft. premier shopping and entertainment destination in Buckeye, slated to open in Spring 2026. Retail assets are poised to grow at a strong pace as new residents flock to several new and existing master-planned communities in the West Valley, each with built-in retail amenities. West Valley Commercial Real Estate (2024)
Total Inventory (SF) 53,972,638
Vacancy Rate
Asking Rent (FSG/Annual)
New Supply (SF) 551,732 WEST VALLEY
5.5%
$17.73
WEST VALLEY
WEST VALLEY
WEST VALLEY
152,989,887
5.7%
$18.25
1,075,695 PHOENIX METRO
PHOENIX METRO
PHOENIX METRO
PHOENIX METRO
Source: CBRE Research, Q4 2024. Submarket estimates aggregate to the West Valley.
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