Phoenix is setting up for a record holiday shopping season. The market has seen strong economic and population growth this year—a winning combination for all asset classes—but holiday shopping growth has a different set of drivers. Ecommerce, pop-up shops and the resale trend are all equaling a winning combination for holiday spending numbers.

“While mall owners and retailers are still analyzing their sales data, it appears that Phoenix fell in line with the national trend of increased sales from Thanksgiving to Cyber Monday,” Todd Folger, first VP at CBRE, tells “Nearly 190 million people shopped during that five-day period compared to 166 million in 2018.”

The shopping season only just started, but the numbers already point to a strong year for Phoenix in particular. “In-store sales won’t be reported until after the holiday season but thus far, NRF reports that 124 million consumers shopped in-store; 142 million shopped online, and 75.7 million did both over the Thanksgiving weekend.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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