PICOR Connect | Trends in Commercial Real Estate

For 32 years, the Palo Verde Kiwanis Club sponsored a fall event raising in excess of $300,000 for Tucson charities. In 1994, when the club ceased to operate, PICOR formed a foundation to enable this endeavor to continue for years to come. The 2012 event will be held October 14th in Tucson's Reid Park at Ramada #1 from 8:00 am to 1:00 pm with performances by the Tucson Girls Chorus and youth Mariachi performers. Three bucks buys a full breakfast with all-you-can-eat pancakes, plus sausage and milk, with coffee donated and served by Starbucks. Of course, we're happy to take additional donations for the kids in any amount.

After an extensive recessionary period when ‘uncertainty’ was the ruling word, Tucson’s commercial real estate sectors have settled into a sense of stability that signals firming fundamentals and a somewhat painfully slow return to market balance. Limited meaningful job creation remains the largest hurdle to overcome, with health care uncertainty and the impending presidential and congressional elections contributing to a cautious business climate. Some meaningful growth continues in Tucson’s medical sector, with economies of scale, more favorable locations, and proximity to health care centers fostering movement.