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PHOENIX—The Phoenix retail market isdemonstrating its resiliency in light of continued highunemployment numbers and restricted consumer spending.
While this market could be considered one of the most overbuiltretail markets in the US with over 100 vacant boxes, the fact isthat in the past year, Phoenix has performed extremely well interms of retail absorption. Since January 2013, Phoenix hasposted more than 3.6 million square feet of retail absorption.
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