PHOENIX, AZ MARKET PROFILE. FOR INFORMATION: Macerich.com

Transcription

1 PHOENIX, AZ MARKET PROFILE 2016 PROPERTY TYPE: Super-regional TOTAL SQUARE FEET: 1,151,000 MAJOR RETAILERS: Costco, Dillard s, JCPenney, Macy s, Sears RESTAURANTS & ENTERTAINMENT: Chili s, Chipotle, Chompie s, Oregano s, Paradise Bakery & Café, Raising Cane s, Picture Show Movie Theatre, Carousel FOOD COURT: 10 units BUILT / RENOVATED: 1978 / 2008 FOR INFORMATION: Macerich.com

2 DEMOGRAPHIC SUMMARY POPULATION PRIMARY TRADE AREA TOTAL TRADE AREA 2015 Total Population 232, ,244 4,457, Total Population 244, ,777 4,781, Population Growth 5.2% 5.2% 7.3% PHOENIX-MESA-SCOTTSDALE, AZ [MSA] HOUSEHOLDS 2015 Total Households 95, ,259 1,632, Total Households 100, ,341 1,752, Household Growth 5.5% 5.6% 7.4% INCOME Average Household Income $84,932 $84,547 $73,071 Median Household Income $60,438 $56,475 $53,037 Per Capita Income $35,160 $35,428 $27,064 HOUSEHOLD INCOME RANGES $50, , % 188, % 866, % $75, , % 132, % 572, % $100, , % 92, % 365, % $150, , % 45, % 151, % AGE Median Age EDUCATION/OCCUPATION LEVELS Bachelor s Degree Plus 64, % 222, % 853, % White Collar 84, % 273, % 1,200, % RACE/ETHNICITY White 191, % 646, % 3,172, % Black 6, % 27, % 236, % American Indian 2, % 13, % 111, % Asian 9, % 34, % 167, % Pacific Islander % 1, % 10, % Other Race 21, % 88, % 758, % Hispanic or Latino 38, % 154, % 1,354, % Not Hispanic or Latino 193, % 658, % 3,102, % DAYTIME EMPLOYMENT Total Businesses 9,922 43, ,763 Total Employees 93, ,563 1,977,133 Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020

3 TRADE AREA MAP LEGEND PARADISE VALLEY MALL PRIMARY TRADE AREA SECONDARY TRADE AREA COMPETITIVE CENTERS OTHER CENTERS N 10% PCW

4 SITE PLAN SEARS AUTO PICTURE SHOW MOVIE THEATER PARADISE CAR SPA RAISING CANE S Just off Highway 51 and Loop 101 Freeway, Paradise Valley Mall is a favorite destination for residents of Paradise Valley (the wealthiest suburb of Phoenix), Scottsdale and North Phoenix. The center is located in the heart of 1.2 million square feet of office space and surrounded by an expansive offering of retailers and restaurants. The center accommodates a five-anchor mix with nearly 100 specialty stores and eateries. Catering to a market with strong family demographics, Paradise Valley Mall offers family focused amenities including a play area, Kids Club and a carousel, serving 63 private and public schools with more than 34,000 students. The center s trade area benefits from a daytime population of 494,500 employees and six major hotels. Embassy Suites hotel, with 270 rooms, is within walking distance of the center. Paradise Valley Mall s centralized location to 11 spring training locations and numerous hotels allows it to cater to sports enthusiasts with its retail offerings.

5 MARKET INFORMATION MAJOR EMPLOYERS EMPLOYEE COUNT 1 BANNER HEALTH 26,472 2 WALMART 15,437 3 WELLS FARGO 13,287 4 FRY S FOOD AND DRUG STORES 12,510 5 INTEL CORP 11,760 6 BANK OF AMERICA 9,809 7 HONEYWELL 9,680 8 JPMORGAN CHASE & CO 8,335 9 MCDONALD S 6, BASHAS 6,153 YEARLY SALES MONTH SALES % JAN 7.5% FEB 7.8% MAR 8.7% APR 7.7% MAY 8.2% JUNE 8.3% JUL 7.8% AUG 7.9% SEP 7.8% OCT 7.2% NOV 8.7% DEC 12.4% HOUSING MEDIAN SELLING PRICE 2015 NEW HOUSING PERMITS - SINGLE & MULTI FAMILY 2015 PHOENIX $186,900 1,897 PARADISE VALLEY $1,000, SCOTTSDALE $436, CAVE CREEK $538, CAREFREE $633, VEHICLE TRAFFIC COUNTS MAJOR HIGHWAYS NEAR CENTER 2014 AVG DAILY MAJOR ROADS NEAR ENTRANCES 2014 AVG DAILY SR 51 AT CACTUS 124,000 TATUM AND CACTUS (NB-SB) 32,000 ARIZONA LOOP 101 (SR 51 TO TATUM) 241,000 TATUM AND CACTUS (EB-WB) 32,500 SCHOOLS NUMBER OF SCHOOLS NUMBER OF STUDENTS PARADISE VALLEY UNIFIED SCHOOL DISTRICT 44 32,000 SCOTTSDALE UNIFIED SCHOOL DISTRICT 31 29,400 COLLEGE/UNIVERSITY LOCATION STUDENT POPULATION ARIZONA STATE UNIVERSITY TEMPE 67,500 RIO SALADO COLLEGE TEMPE 60,000 UNIVERSITY OF PHOENIX, PHOENIX CAMPUS PHOENIX 4,000 PHOENIX COLLEGE PHOENIX 6,800 SCOTTSDALE COMMUNITY COLLEGE SCOTTSDALE 5,400 PARADISE VALLEY COMMUNITY COLLEGE PHOENIX 4,900 TOURISM MAJOR HOTELS NUMBER OF ROOMS JW MARRIOTT DESERT RIDGE RESORT 950 ARIZONA BILTMORE RESORT & SPA 740 WESTIN KIERLAND RESORT & SPA 732 THE FAIRMONT SCOTTSDALE PRINCESS 649 POINTE HILTON TAPATIO CLIFFS RESORT 584 POINTE HILTON SQUAW PEAK RESORT 563 EMBASSY SUITES, PHOENIX-SCOTTSDALE 270 UPDATED 3/16

6 R PHOENIX LIBRARY OWNED OTHER SPORTS AUTHORITY OFFICE MAX TOYS WELLS FARGO US BEST BUY ULTA BANK OF AMERICA SEARS AUTO DILLARD S STARBUCKS JARED SEARS IN-N-OUT BURGER OUTBACK STEAKHOUSE TATUM BLVD CHILI S GRILL & BAR WELLS FARGO ARBY S WENDY S JULIO G S SPROUTS FARMERS MARKET BBVA COMPASS BANK CHIPOTLE CVS CHASE BANK TILTED KILT WALMART MICHAELS CHICK-FIL-A PICTURE SHOW MACY S SEE S CANDIES M&I BANK OREGANO S MCDONALD S LONGHORN STEAKHOUSE TUESDAY MORNING HOBBY LOBBY BEAUTY BRANDS BIG 5 SPORTING GOODS HOMEGOODS STEINMART COSTCO JCPENNEY PARTY CITY T.J.MAXX CACTUS ROAD RAISING CANE S IHOP DOGGIE DISTRICT PET RESORT DUTCH BROS. COFFEE PARADISE CAR SPA REI TARGET DOLLAR TREE N PARADISE VILLAGE PARKWAY