Research note · 08/15/2026

Arizona retail activity, 1996 to 2026

PCA's own transaction record, 1996 to 2026: 7,466 leases and sales across Arizona.

This note uses one source: the leases and sales Phoenix Commercial Advisors closed in Arizona from 1996 on, geocoded by cross-street. It is our own data. Nothing here is drawn from a third-party subscription, so every number can be quoted and linked. The chart below is that file, drawn as a running total. The count in the sections below is the same record, and it moves when a listing is marked sold or leased and that deal is not already in the file.

The record in one paragraph

7,466 leases and sales since 1996. The Phoenix metro accounts for the large majority, led by Phoenix, Mesa, Chandler, Scottsdale and Gilbert. Outside the Valley, Tucson, Prescott, Flagstaff, Yuma and Sierra Vista appear in the record.

Deals since 1996

A running total, so it only grows. The count is the transaction file, read through 07/29/2026. 2026 is a year to date, so its figure is the total so far, not a full year.

  • by the end of 2000: 521
  • by the end of 2005: 1,947
  • by the end of 2010: 3,132
  • by the end of 2015: 4,355
  • by the end of 2020: 5,810
  • by the end of 2025: 7,289
  • so far in 2026, through 07/29/2026: 7,466

Deals by city

The most active cities in the record, most active first:

  • Phoenix: 1,560
  • Mesa: 736
  • Chandler: 658
  • Scottsdale: 583
  • Gilbert: 577
  • Peoria: 415
  • Tempe: 374
  • Queen Creek: 334
  • Glendale: 322
  • Avondale: 243
  • Surprise: 235
  • Tucson: 222
  • Goodyear: 167
  • Yuma: 123
  • Buckeye: 112

Deals by type

  • Lease: 5,703
  • Sale: 1,501
  • Ground lease: 262

Renewals and build-to-suit leases are counted as leases. The three lines add up to the 7,466 in this note. This note does not publish a count for any single year.

How to use this page

Cite it, link it, or ask us for the underlying view of any submarket; the closings PCA publishes, with the tenant where one is named, the corner and the date, are searchable at /track-record/closings/, and we share the rest of the corner-level record with clients on request. Every dot on the track record map is a deal from the transaction file. The chart is generated from the same file each time the site is built.

Running total of leases and sales since 1996: 521 by the end of 2000, 1,947 by the end of 2005, 3,132 by the end of 2010, 4,355 by the end of 2015, 5,810 by the end of 2020, 7,289 by the end of 2025, 7,466 so far in 2026, through 07/29/2026.

Published 08/15/2026 by Phoenix Commercial Advisors. Source: PCA transaction record (PCA-owned). Markdown version. Cite as: Phoenix Commercial Advisors, "Arizona retail activity, 1996 to 2026", 08/15/2026, https://newphoenixcommercialadvisors.com/market/arizona-retail-activity/.