On Wednesday, Metropolitan Pima Alliance (MPA) announced Pima County's approval of fee credits for prior new development. When considered with last month's change in connection fee structure for new construction, the comprehensive changes that MPA was able to negotiate with Pima County will certainly save Tucson-area commercial real estate owners and investors substantially when doing new ground-up construction or completing tenant improvements. These actions are well-timed, as we hope to see increased momentum in the volume of new construction and commercial real estate transactions.
PICOR Connect | Trends in Commercial Real Estate
As Sterling Cooper Draper Pryce expand their firm, surely they will want their fingers on the pulse of the latest in building operating costs.
Located only 60 miles from the U.S.-Mexico border, Tucson is the second-largest city in Arizona. With a population near one million residents, the metro area is host to private and public employment, including the roughly 50,000 students and employees at the University of Arizona (U of A), a highly-ranked public research institution founded in 1885. Davis-Monthan Air Force Base is located within the city limits, employing approximately 8,500 civilian and military personnel.