Author Archives: Dave Cheatham

Dave Cheatham

About Dave Cheatham

Dave Cheatham, president of Velocity Retail Group, is an accomplished authority on retail real estate in the disciplines of brokerage, project leasing, development, consulting and advisory services. He is a senior advisor to merchants, entrepreneurs, investors and senior retail executives throughout the industry.

Phoenix retail is poised for progress

PowerPoint Presentation

The Phoenix commercial retail market continues to improve in vacancy and increased leasing activity.  Vacancy rates, once hovering near 14% have now dropped to 10.6% through the 2nd quarter of 2014.  Leasing activity of 2.6 million square feet in 2013 was the strongest recorded since before the Great Recession six years ago.  Additionally, in the… Read More →

ICSC RECon 2014: Retail poised for expansion

X Team booth, courtesy of Velocity Retail

The 2014 ICSC event in Las Vegas has successfully wrapped up, and initial reports are that the retail industry is poised for continued expansion. The attendance was up from last year with the attendee count reaching close to 40,000. Having experienced the last 5 years of our annual convention during the economic downturn, this year… Read More →

Velocity Retail Group takes flight with UAV technology

drone

For years Velocity has invested in cutting-edge technologies to service our clients and help them stay in front of the competition. Velocity is already known for delivering high-quality photography and video for our listings, tenants, and our events. Now UAV’s (unmanned aerial vehicles) will allow us to provide our clients a much different perspective than… Read More →

Safeway sale creates looming cloud over Phoenix retail real estate market

Shea Scottsdale Safeway

Over the past two years, the Phoenix retail real estate market continues to improve with lowered vacancy rates and strong absorption. The one area that persists as a cause for concern is the number of vacant big boxes in the market. With the recent announcement of the impending sale of Safeway to one or more… Read More →