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Say "Ah:" Our Diagnosis for the Tucson Office Market

  
  
  
Tucson Medical Office Heart stethoscope

Thanks to healthcare demand, the Tucson office market has a heartbeat. By increasing the number of insured citizens, coupled with a growing aging population, the Affordable Care Act is anticipated to be a key demand driver for Tucson medical space. The activity level of behavioral health tenants in the Tucson office market has particularly blossomed. Overall, post-recession job recovery locally has lagged the nation and state as a whole, leaving job creation the most pressing demand driver.

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Mission Strong: Supporting our Southern Arizona military assets

  
  
  
Mission Strong AZ

Beyond a shadow of a doubt, national defense is an integral and critical component of Tucson's economy. Recent research and a campaign to support and preserve our military presence has emerged as "Mission Strong." Here are some excerpts from the Mission Strong website:

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Business attraction in Tucson builds on small business success

  
  
  
Tucson business attraction

While perhaps not significant in numbers of new jobs by most standards, recent employer relocations to greater Tucson signal a positive trend. With 2013's positive absorption in the Tucson industrial market fueled by expansion of local, small businesses, business attraction points to our market's affordability and workforce readiness. 

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Tucson Industrial Market Snapshot: Thank You, Small Business

  
  
  
Warehouse Doors Tucson Industrial

With Tucson and Arizona post-recession job recovery lagging the nation, the Tucson industrial market sneaked in progress throughout 2013 in bite-sized increments, fueled by the health of startups and other small businesses. Available buildings over 100,000 square feet (sf) were the market’s enduring opportunity, while market drivers included activity in the mining sector and refocus on trade and logistics.

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Leadership Matters! Celebrate 2013's high fliers and community leadership

  
  
  
PICOR Award Winners 2013

Cushman & Wakefield | PICOR is proud to announce its 2013 award recipients and division leaders in the Tucson commercial real estate marketplace. Below the shiny graphic, you'll also find a list of community and charitable leadership roles our team members held. Tucson community involvement remains a cornerstone of our mission and culture.

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Tucson's 5 Ts - Mayor Rothschild promotes his plan at State of the City

  
  
  
Golden T

In his recent appeal to the Tucson Metro Chamber audience and in forums at Tucson CREW and CCIM, Mayor Jonathan Rothschild rallied the business community around the region’s stated Five Ts or five strengths: Technology, Trade, Transportation, Tourism and Teaching. 

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Tucson Apartment Market Snapshot

  
  
  
The Herbert Apartments

Read the latest recap of the Tucson multifamily market from our team, as well as commentary from our friends at Reis, Inc. on the data set they track for the Tucson apartment market. A link to our full report can be found at the end of the article.

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Our Man of the Year

  
  
  
Tucson Man of the Year 2013

Last week, Cushman & Wakefield | PICOR's founder, Mike Hammond, with 29 years at the helm, was honored by Greater Tucson Leadership as Tucson's Man of the Year.

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Tucson Retail Market Snapshot

  
  
  
CW Retail Tag Crop

Despite fewer shopping days in the critical holiday season, retail spending was up 3.5% nationally, aided by deep discounts by retailers. In the Tucson housing market, residential sales volume and median prices ended the year higher (14.0% and 7.1%, respectively), as positive recovery continued.

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Tucson Office Market Snapshot: Silver Linings

  
  
  
Tucson office silver lining

With Tucson and state-wide post-recession job recovery lagging the nation, the local office market continued to rely on silver linings. Residential sales volume and median prices ended the year higher (14.0% and 7.1%, respectively), as positive recovery continued in the housing market.

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