Phoenix Retail Absorption Rises Dramatically

Phoenix, AZ – January 25, 2012 – (RealEstateRama) — The Phoenix retail sector seems to have broken through the holding pattern that has consumed it for most of 2010 and 2011. In the final quarter of this year, absorption numbers were the highest in some time and overall momentum seems to be shifting in the right direction. Pent up demand for goods has driven sales numbers higher and consumer confidence is up. Record-breaking holiday sales figures, rising automobile sales and a feeling that the economy is improving have all contributed to this upward trend. As a word of caution, the doors can swing shut again if gasoline prices shoot up or other bad economic issues come to light.