 Gross
Leasable Area
Tempe has 8,090,575 square feet of retail space. The total vacancy rate for
retail space in 2002 was approximately 9.5 percent -- 768,279 square feet of
available space. Ten big box or grocery store anchored properties in Tempe
occupy a combined square footage of 1,198,229. The vacancy rate for big box
and grocery store space is less than 50 percent of Tempe's total retail
vacancy. Opportunities for large store formats new to Arizona are available
in established properties with strong demographics and ease of freeway
access.
Central Valley Location and Transit
Tempe is centrally located between the cities of Scottsdale, Chandler,
 Phoenix and
Mesa. Transportation ease to and from Tempe is a key benefit regarding
centralized management and distribution for multiple store locations. The
proximity to Sky Harbor Airport (the nation's fourth busiest airport) and
the convergence of four major freeways near its boundaries make Tempe one of
the easiest cities to access in Arizona. The interchange of Interstate 10
and US highway 60 in Tempe's southwest quadrant is the busiest intersection
in the state.
Retail Services
Tempe Values retailers. To show its support, Tempe has a retail expert on
staff dedicated to assisting the comprehensive needs of retailers and
commercial real estate representatives. The City of Tempe Retail Recruiter,
a veteran leasing agent in the shopping center industry, can provide market
information for Tempe and competing retail areas, and respective contact
information for brokers and developers. The Retail Recruiter can also help
narrow your site selection process, help streamline the permitting
process and assist property owners in finding new ways to improve their
sites.
Demographics, traffic counts, and retail tenants
Tempe offers a comprehensive website that provides a wide variety of
information about the City of Tempe. Developers and business leaders may
obtain
demographics,
retail tenants and
traffic counts by intersection.
For further information, please call the Economic
Development Division at (480) 350-8028 |
