Monday, March 19, 2007
Phoenix - Baseball, Retail and Returns
Spring training in the "Zone". Great weather, intimate games, families on grassy knolls, and the oh-so-tempting hot dog. Now to focus on real estate - this community is like every other growing metropolis with land - every national retailer is clamoring to be here. What drives this growth? Ans: growth. Population, jobs, housing, transit routes. Retail is the lurking secret boyfriend of all these debutants. Stronger in safety than housing, far more secure than office buildings, able to withstand a recession in a pinch. Just don't buy the dogs! Eh - too many to list - just think what happens when fads end, technology transforms industries and Sam Waltons are born.