Empty store fronts a sign of changing times, says ASU expert

Jan 15, 2018, 4:30 AM | Updated: Jan 16, 2018, 8:18 am
(Flickr Photo)...
(Flickr Photo)
(Flickr Photo)

PHOENIX — Why does the small business economy, such as strip malls, appear to be struggling locally?

Arizona is proficient at attracting big businesses complete with some of the lowest corporate and income taxes.

Dennis Hoffman, a professor at Arizona State University, said the economy is changing rather than just sputtering along.

Retail stores such as small liquor stores, shoe repair, and cleaning businesses can be among the casualties in a changing economy.

“You’re telling those small businesses not only who they can hire, but also what they can pay,” said Hoffman, a professor at ASU’s W.P. Carey School of Business.

“No state has a tougher e-verify enforcement than Arizona. This is the state that is the poster-child for enforcing undocumented labor laws.”

Hoffman said traditional retail space is being replaced by businesses who have an exclusively online presence.

The professor said the Valley’s retail space was overbuilt during the boom of the early 2000s and is only heading downward.

Now, large shopping malls are having trouble holding on to anchor tenants and small retail stores.

“Traditional small businesses that have occupied some of this retail space in the strip malls is just being replaced by deliveries online,” he said.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pexels Photo)...

Stage 2 fire restrictions set to begin this week across Arizona due to wildfire threat

Stage 2 fire restrictions are set to begin across Arizona this week due to heightened wildfire activity and dry conditions, officials said.
1 day ago
(Photo by Hyoung Chang/The Denver Post via Getty Images)...
Associated Press

Arizona appeals court says ban on per-signature initiative is illegal

A 2017 law that makes it a crime to pay people for each signature they collect to qualify voter initiatives for the ballot violates the First Amendment and the first criminal case filed using the law must be dismissed, the Arizona Court of Appeals ruled Tuesday.
1 day ago
(Facebook Photo/Phoenix Police Department)...

Suspect in custody after allegedly exchanging gunfire with Phoenix police

A suspect was in custody after allegedly exchanging gunfire with police in north Phoenix on Tuesday, authorities said.
1 day ago
Law enforcement personnel stand outside Robb Elementary School following a shooting, Tuesday, May 2...

Arizona politicians react to mass shooting at elementary school in Texas

Arizona politicians reacted Tuesday to a mass shooting at an elementary school in Uvalde, Texas, that left 19 students and two adults dead. 
1 day ago
FILE - Water drips from a faucet near boat docks sitting on dry land at the Browns Ravine Cove area...
Associated Press

EXPLAINER: How cities in the West have water amid drought

Major Western cities like Phoenix have diversified water sources and boosted supplies through infrastructure investments and conservation.
1 day ago
(Photo courtesy of Jonathan Lines)...
Danny Shapiro

Yuma border migrant backlog an ongoing problem despite Title 42 extension, official says

Yuma County Supervisor Jonathan Lines said the border community continues to deal with an influx of migrants that want to come to the U.S.
1 day ago

Sponsored Articles

Day & Night Air

Tips to lower your energy bill in the Arizona heat

Does your summer electric bill make you groan? Are you looking for effective ways to reduce your bill?
Christina O’Haver

Stroke month: Experts call attention to stroke prevention

Every 40 seconds—that’s how often someone has a stroke in the United States. It’s the fifth leading cause of death among Americans, with someone dying of a stroke every 3.5 minutes.
Canvas Annuity

The secret to guaranteed retirement income

Annuities aren’t really a secret, but they are so misunderstood that they might as well be. Once you understand what an annuity is and how it can benefit you, you could decide this “secret” is the perfect supplement to your retirement plan.
Empty store fronts a sign of changing times, says ASU expert