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Maps of the Month 2008 & 2009
Map of the Month – January 2010
Smart Growth Crossroads?
Maybe this recession will convince developers, investors, lenders, planners, and politicians that Phoenix is not New York or San Francisco.
As this month’s map shows, just the City of Phoenix is 20 times larger, geographically, than New York City (Manhattan).
Density and height are not the answers.
To download map click here: Smart Growth (PDF)
Map of the Month – February 2010
What Recession? Fresh-Mex Explosion!
A recent article in The Arizona Republic discussed the turf war among Fresh-Mex chain outlets. This month’s map shows their locations, including expansion sites, superimposed on Household Income by Census Tract. Based on all the “Green” locations, it looks like they know what they’re doing!
To download map click here: Fresh-Mex Locations (PDF)
Map of the Month – March 2010
Power Center Vacancy Rates: Beware of Averages!
This month’s map shows Power Center vacancy rates by submarket per CoStar. While the average vacancy rate for all 52 Centers is 11.2%, the 3 red submarkets have vacancy rates north of 24%. Anchors aweigh?
To download map click here: Power Center Vacancy Rates (PDF)
Map of the Month – April 2010
The Future of Phoenix - 2040
This month’s (aerial) map depicts, the only directions in where future growth can occur due to land ownership patterns. Responsible prognosticators have prognosticated that the “Sun Corridor” will add an additional 5,000,000 people by 2040. Where will they (we) live? Based on Phoenix land ownership patterns, there are only three (3) likely directions: West along I-10 towards Buckeye; Northwest along Grand Ave. towards Surprise; and, Southeast towards Queen Creek and ultimately Pinal County.
If you would like a close up of a smaller area, please call and we will try to accommodate you at no cost.
To download map click here: Land Ownership (PDF)
Map of the Month – May 2010
The Jumbo Market: 2010 = > 2004
This month’s map depicts the change in value since 2004 for $1 Million+ houses which have re-sold in a recent 6 month window. If you bought your castle before 2005, today it is probably worth what you paid for it!
To download map click here: The Jumbo Market (PDF)
Map of the Month – June 2010
Population Density, Use Density, and Absorption
This month’s map compares Metro Phoenix’s population density with NYC (Manhattan) and San Francisco. As can be seen, there are no census tracts that even come close to the average density of NYC or San Francisco. Real estate success/failure starts with absorption; which is a function of location and product. We don’t think it’s a coincidence that many high density Phoenix real estate projects have failed; even in the good ole days.
To download map click here: Population Density (PDF)
Map of the Month – July 2010
Class A Office Vacancy Rates and Job Growth
This months’ Map of the Month addresses the change in Class A office vacancy over the past 2 years by CoStar submarkets. As shown, only the Arrowhead, Glendale, Northwest Phoenix, and Airport submarkets improved; presumably due to little or no new Class A inventory added and smaller Class A inventories. For the most part, the other submarkets have significantly higher vacancy rates today due in part to the addition of new inventory that had been under construction, and, today’s historically depressed office market conditions. To the extent there is a correlation between job growth and office demand, Phoenix’s job growth must be negative?
To download map click here: Class A Office Vacancy (PDF)
Map of the Month – August 2010
Multi-Family Hotspots!
Change in Occupancy - 2Q-2008 to 2Q-2010
For the past year or two, apartments have been the hottest (and perhaps only?) product in the institutional commercial real estate arena. This month’s map shows those submarkets experiencing higher occupancy (Red), and, those submarkets experiencing lower occupancy (Blue). While not shown, it is no surprise that the majority of the A & B quality sales are in the Red submarkets.
To download map click here: Multi-Family Hotspots (PDF)
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Maps of the Month 2008 & 2009 |
