Notes on Arizona retail — leasing, investment and site selection — from Sean Lieb.

Empty big boxes across metro Phoenix aren't dead weight — they're the most underpriced opportunity in Arizona retail right now, if you know how to reposition them.
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Drive-thru QSR net-lease deals remain some of the most fought-over paper in Arizona retail. Here's why the demand isn't slowing down.
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Fenced yards and trailer lots aren't glamorous, but in Arizona they're quietly outperforming on cash flow. Here's why IOS deserves a second look.
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Buckeye's rooftop growth is real, but retail underwriting demands discipline—here's how I evaluate sites, timing, and tenant fit in this frontier submarket.
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As Surprise's population keeps climbing, retail supply hasn't kept pace — creating one of the West Valley's more interesting landlord-favorable stories.
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Queen Creek's rooftop growth is outpacing retail supply — here's what that imbalance means for landlords, tenants, and investors chasing this submarket.
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Glendale's sports and entertainment core keeps pulling retail demand outward. Here's what landlords, tenants, and investors should actually watch.
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Mesa's retail corridors offer Scottsdale-adjacent fundamentals at a discount — here's why owners, tenants and investors should be paying closer attention.
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ASU's density and the Valley Metro line are turning Tempe into Arizona's most walkable retail lab — here's what landlords and tenants need to understand.
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Luxury retailers are pushing past Fashion Square's walls into Old Town and North Scottsdale. Here's where I'm seeing the smart money move.
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Between TSMC-driven job growth, aggressive city land positioning and a wave of new mixed-use projects, Peoria is emerging as one of the Valley's most interesting retail submarkets.
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High-wage employers, a reinventing Chandler Fashion Center and briskly-trading grocery-anchored centers make Chandler the East Valley's most competitive retail submarket.
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Grocery anchors, national brands and a wave of mixed-use construction are turning Gilbert into the East Valley's most competitive retail submarket.
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Urgent care, dental, med spas and physical therapy are backfilling Valley strip centers with strong credit and long leases — here's why it matters.
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Cycle after cycle, grocery-anchored centers are the most durable income in retail — and Greater Phoenix keeps proving it.
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Population growth, limited new supply and resilient consumer demand keep Valley retail among the tightest markets in the country.
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Both sides win on preparation. Here's how representation actually changes outcomes on a retail lease.
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Single-tenant net-lease can be the most passive real estate you'll own — if you underwrite the right things.
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Demographics, traffic, co-tenancy and visibility — the framework national retailers use to choose a location.
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Defer taxes and trade up — the timeline, the rules, and the pitfalls that collapse an exchange.
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Both markets are healthy — but they reward very different strategies. Don't import one playbook into the other.
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