header image picor

PICOR Connect | Trends in Commercial Real Estate

Current Articles | RSS Feed RSS Feed

The Arizona-Sonora Region: Global Advantage and More

  
  
  
Governors Brewer and Padres

The Arizona México Commission held its semi-annual forum last week in Scottsdale with the theme "Are You Ready for International Business?" Because Cushman & Wakefield | PICOR has a decade-long commitment to cross-border commercial real estate, we thought it timely to share an update on the Sonora, Mexico commercial real estate environment and efforts promoting the Arizona-Sonora Region.

"Building Value through Service"

Top 10 Efficiency Apps For Commercial Real Estate Professionals

  
  
  
TNF iphone and ipad

In this guest post by The News Funnel, we discuss how the rollout of technology products geared toward the commercial real estate profession has just begun. Like any other shift in the collective consciousness of a particular industry, sometimes a movement takes time to gain traction. However, for those quicker to adapt, the commercial real estate tech scene is bursting at the seams with useful products that help people work more efficiently. We compiled a list of the top 10 examples of such technology for this post:

"Building Value through Service"

Steady as she goes: Tucson's apartment market continues modest improvement

  
  
  
Tucson Apartment Chart

The Tucson apartment market has been remarkably steady for the past few years with occupancy remaining in the 90% to 91% range and rents slowly edging higher. Rental concessions have also continued to improve modestly, helping to boost property operating incomes.

"Building Value through Service"

Retail therapy for Tucson's shopping center market

  
  
  
Tucson shopping retail

A continued rebound in consumer confidence, both nationally and locally, has fueled positive momentum in the Tucson retail market. Other market drivers have been material to the overall health of the retail market. These include an increase in housing demand, marked decrease in foreclosure filings, and national recognition for Tucson’s secondary education, with two local high schools ranked in the country’s top ten, as well as a National Blue Ribbon high school.

"Building Value through Service"

Velocity up in the Tucson industrial market

  
  
  
Velocity

The national economy picked up in demand following the extreme winter. While statewide job gains are expected to outpace the nation in 2014, post-recession job recovery locally has lagged, leaving job creation the most pressing demand driver. March unemployment in Tucson was 6.6%, which was under both the state’s rate of 7.3% and the U.S. 

"Building Value through Service"

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.

"Building Value through Service"

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:

"Building Value through Service"

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. 

"Building Value through Service"

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.

"Building Value through Service"

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.

"Building Value through Service"

All Posts

Your email: