Even against a background of steady demand and declining vacancy, warehouse rental rates have yet to reach pre-recession levels. Although there has been a slight uptick in rents since year-end 2011, asking rents are still far from their 2008 values.
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Topics: Tucson, Commercial real estate, Industrial, Investment property, Market trends, Vacancy, Warehouse
Nothing is more rewarding to our team than granting the money we raise through our Foundation's annual pancake feed. Who would think the employees of a local firm could change lives and make a difference flipping pancakes one gorgeous autumn day each year in a midtown park in Tucson? We can't claim full credit, as it is the financial support of so many C&W | PICOR clients and friends, as well as donated labor, goods and materials from our community partners, that makes this possible. The effort had humble Kiwanis beginnings 50 years ago, carried forward by C&W | PICOR's formation of the PICOR Charitable Foundation in 1994.
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Metropolitan Tucson’s unemployment improved, ending at 7.6% in August versus 8.6% the previous August and better than statewide unemployment which remained at 8.3%. The state of Arizona is currently ranked sixth in the nation in job creation, boding well for progress locally.
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Topics: Tucson, Commercial real estate, Retail, Investment property, Leasing, Market trends, Vacancy, Lease rates
