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Industrial Update: Tucson 3Q Absorption Moves 2014 in the Black

  
  
  
Tucson industrial market

With an improving national economic and employment picture slowly lifting all boats, the Arizona and Tucson employment rates followed suit; statewide employment was up 2.1% over a year ago. Residential inventory continued to stabilize and median sale prices gained 6.2% over prior year. Shared Services Center’s expansion announcement netting 200 new jobs made a positive statement about Tucson as a location to service western states.

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Tucson Office Market future looks bright (Debbie Downer has left the building)

  
  
  
Tucson office bright future

With an improving national economic and employment picture lifting all boats, the unemployment rate for Arizona and the Tucson metro area followed suit. Home sales inventory continued to stabilize and median sale prices gained 6.2% over prior year. Shared Services Center’s expansion announcement netting 200 new jobs made a further positive statement about Tucson as a location to service western states.

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Wind in the Retail Sails/Sales: Tucson Retail Market Update

  
  
  
Tucson retail wind in the sails

At 2014's midway point, the Tucson retail market continued its positive performance. Read more, as we detail the highlights for the quarter.

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Market Minute: Briefs on the Tucson Commercial Real Estate Markets

  
  
  
Tucson commercial real estate

The unemployment rate for the Tucson metro area as of May 31st was 5.8%, 60 basis points (bps) lower than year end and 50 bps below the national rate. Decreased government spending impacted both Tucson’s market momentum and activity. Home prices and inventory flattened in the second quarter, while the inventory of Tucson residential listings increased.

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Office Market Mojo: Tucson's is Ticking Up

  
  
  
Bright outlook for Tucson office market

If our firm’s revenue and activity are indicative of the market, Tucson office market momentum has clearly increased, with annualized lease and sale transactions up 44.7% over 2013. Our team was busy helping clients position themselves to best avail themselves of opportunities, with regard to pricing and availability whether for lease or investment. With continued tepidness in job growth, creativity and resourcefulness ruled the day.

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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:

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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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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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2013 Tucson Commercial Real Estate Market in Review

  
  
  
Tucson market statistics

Don't want to digest reams of stats on the Tucson commercial real estate market's state of affairs? We've got short snapshots for you here. That being said, if you enjoy diving into that statistical stuff, say the word, and we'll send some your way...

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Tucson Retail Market: Just How Good is it?

  
  
  
Retail shop bags

Arizona job growth outpaced the national rate as the state continued to recover. Statewide improvement in job gains will have a positive effect on all Arizona markets. According to Forbes magazine and Moody’s Analytics, Arizona ranks No. 1 nationally for projected job growth over the next five years, forecasted to increase 3.0% with an annual economic growth of 4.6%. The housing recovery statewide positively impacted construction jobs in both Phoenix and Tucson, with the volume of building permits strengthening. Conventional lending is recovering, and inventory remained below the balance point at 3.5 months, while finished lot supply is scarce.

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