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Food, Beverage & Grocery Activity Lead the Way for Tucson Retail Mid-Year

  
  
  
bigstock shopping at the supermarket 12177749 resized 600

Home prices increased in June, thanks to inventory at a 21-month low coupled with steady consumer demand and favorable interest rates. U. S. consumer confidence was up significantly, and personal income statewide slightly outpaced the rate of gain nationally. Moody’s forecasts Tucson’s year-end unemployment to be under 5.7%, with improvement continuing through 2016 and 2017.

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The Commercial Real Estate Environment Keeps Getting Better: C&W Research Report

  
  
  
US Economy

Commercial real estate markets across  the  U.S. continued to improve in the second quarter. One important reason for this has been rising employment driving higher demand. That trend continued in July.

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A Midsummer Night's Dream for the Tucson Industrial Market

  
  
  
Steady progress for tucson industrial market

Pinch us... Tucson's industrial vacancy is nearing single digits and ended the year's midway point 1.6 percentage points healthier than a year earlier. Read more in our Q2 2015 Tucson Industrial MarketBeat.

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Tucson Office Market Snapshot - Q2 2015

  
  
  
Office   Downtown Tucson by Will Dobbs cropped

Home prices increased in June, thanks to inventory at a 21-month low coupled with steady consumer demand and favorable interest rates. U. S. consumer confidence was up significantly, and personal income statewide slightly outpaced the rate of gain nationally.

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Gears Turning in Tucson Industrial Market

  
  
  
Industrial gears turning

As we entered the second quarter of 2015, key drivers for the Tucson industrial market included logistics and call centers, with the mining industry preparing for the next wave.
 
Tucson’s unemployment rate dropped 0.3 percentage point to 5.6% in February, considered close to full employment. That being said, the slow pace of job growth remained of primary concern and impeded stronger market progress.

LEASE MARKET

Positive net absorption of 255,000 square feet (sf) marketwide during the first quarter improved overall vacancy one-half percentage point from 10.7% at year-end to 10.2%.  This represents the third consecutive positive quarter. While up 3.0% year-over-year, the Tucson economy has not regained enough traction to improve effective rates measurably. Activity and lease interest remained fair, with the most activity under 10,000 sf.



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Creative Brokerage Brings HomeGoods Tucson Distribution Center | RE Daily News

  
  
  
Rob Glaser PICORThere has been much written about the new HomeGoods Tucson distribution center lately. What hasn’t been told until now, is the creative brokerage it took by a group of real estate professionals to assemble the land for the HomeGoods Tucson deal to come together.  It really started almost two years earlier, when the Massachusetts-based TJX Companies, HomeGoods’ parent company, broadcasted its requirements for a 100-acre site appropriate for a new western regional distribution center to be built.

Rob Glaser, CCIM, SIOR, Principal at Cushman & Wakefield | PICOR credited as the mastermind behind this real estate assemblage told us when he first heard of the requirement it was just his intuition that told him Tucson would be an ideal place for the company.

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#CRE Coffee Break: Q&A with Retail Prophet, Doug Stephens

  
  
  
Doug Stephens Retail Prophet

Ever wish you had a crystal ball to inform your next commercial real estate move? In our latest edition of #CRE Coffee Breaks, we do the next best thing, inviting insights from an internationally respected retail industry futurist, Doug Stephens. Doug paints a future that shakes up traditional thinking, with regard to shopping centers vs. e-commerce, innovation and consumer expectations, among others. Read on... 

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Healthcare Remains the Big Story in Tucson's Office Market First Quarter

  
  
  
Tucson MOCA Will Dobbs

As you will read in our quarterly Tucson office market update, healthcare remains the big story in the market in 2015. From an economic standpoint, Tucson’s unemployment rate dropped 0.3 percentage point to 5.6% in February, considered close to full employment. That being said, the slow pace of job growth is still of primary concern and impedes stronger office market progress.

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Governor Ducey appoints Hammond to represent Pima County on State Transportation Board

  
  
  
Mike Hammond picorPHOENIX - Governor Doug Ducey has appointed Michael S. Hammond to the State Transportation Board, representing the Pima County region in the planning and development of Arizona’s transportation network.

 

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Tucson Dealmakers: CoStar announces 2014 Power Brokers

  
  
  
C&W PICOR 2014 Top Producers

Each year since its 2005 Tucson commercial real estate market entry, Costar, the leading provider of industry market intelligence, has tracked and awarded the highest-producing companies and individuals in the Tucson marketplace.

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