Buckeye Is Set for a Retail Boom

Buckeye, Arizona is poised for a retail boom. The market is one of the fastest growing in the US, and the current general plans includes economic sustainability, proper land use, quality roadways and infrastructure and protecting our unique environment. The changes coming to the market have created opportunities in the retail sector over the next few years.

“Buckeye benefits from its prime location as the westernmost suburb in the Phoenix metropolitan area, its affordable land, wide open spaces, and situation within a Foreign Trade Zone,” James DeCremer, Principal at Avison Young in Phoenix, tells GlobeSt.com. “All these attributes make it ideal for development. Buckeye is strategically located where the I-10 meets State Route 85 to the Mexican border, and connects Metro Phoenix via truck and rail to major markets in Southern California and Mexico. The industrial property sector in Buckeye is rapidly growing to meet the need for distribution centers and warehouses for e-commerce inventory and supply chains. In the past 10 years, warehouse space in the submarket has increased by 65%.”

Like the national retail market, Buckeye is also experiencing a market shift. “Whole industries are adjusting to changing consumer shopping patterns. However, Buckeye’s retail landscape appears healthier than the metro area as a whole; vacancy rates have declined from double-digit highs during the height of the great recession to a low 2.1 percent at the end of 2019,” says DeCremer. “Retailers are also reporting very strong overall sales figures with very large year over year same store sales growth.”