PICOR Connect | Trends in Commercial Real Estate

Climbing Retail Sales Fuel Demand for Industrial Space

Posted on Tue, May 24, 2011

In the midst of ICSC's RECon, the retail real estate industry's largest deal making event, statistics continue to support the relationship between retail sales and the demand for industrial real estate. That being said, local growth remains tepid. However, as always, national trends and cycles will come to impact the Tucson market.

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Topics: Tucson, Commercial real estate, Retail, Industrial, Leasing, Market trends, Economic development

Rail-served Warehouse Facilities: Where Track Meets the Road

Posted on Thu, May 19, 2011

Going intermodal: Among the many quality industrial real estate options available to Tucson businesses, with its rail-served warehouse and manufacturing facilities, Century Park Research Center stands out as a unique option.

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Topics: Tucson, Commercial real estate, Industrial, Sonora Mexico, Economic development, Manufacturing, Warehouse, Intermodal facilities, Foreign trade zone, Logistics, Rail

Tucson Office Space: Opportunity Knox

Posted on Tue, May 10, 2011

Highlights from our first quarter 2011 office market presentation at the Pima County Real Estate Research Council on May 5, 2011.

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Topics: Tucson, Commercial real estate, Office, Investment property, Leasing, Absorption, Market trends, Vacancy, Lease rates

9 PICOR Commercial Brokers recognized for 2010 Performance

Posted on Thu, May 05, 2011

Forgive us a little self promotion...

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Topics: Tucson, Commercial real estate, Office, Retail, Industrial

3 Reasons Anchored Centers Outperform and 3 Strategies to Compete

Posted on Wed, May 04, 2011

As the recovery slowly continues and the dust settles, we are seeing some clear and notable patterns. While overall Tucson vacancy rates have climbed from an all-time low of 3.1% in 4Q 2005 to a high of 8.8% in 1Q 2011, not all properties have fared equally. As landlord requirements on credit have loosened and preferences begin to shift from national to local tenants, a consistent “flight to quality” has occurred. Tenants are moving from mid-block, unanchored shopping centers to anchored--largely corner--properties, creating a dichotomy in occupancies and lease rates for these two distinct types of centers.

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Topics: Tucson, Commercial real estate, Retail, Investment property, Leasing, Market trends, Vacancy, Lease rates