PICOR Connect | Trends in Commercial Real Estate

Reis Provides Tucson & Phoenix Commercial Real Estate Data Analysis

Posted on Thu, Feb 28, 2013

In his quarterly briefing this past month, Dr. Victor Calanog, Reis’s Vice President of Research and Economics, highlighted the drop in Tucson’s Q4 2012 revenue per square foot for office space, a 0.8% decrease from Q4 2011.  This compares to a national increase of 2.3% over the same period.  During this time, Phoenix experienced a 1.1% increase.

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

North American Industrial Market Statistics

Posted on Thu, Feb 21, 2013

From Vancouver, B.C. with the lowest tracked vacancy rate to Birmingham, Alambama with the highest, Cushman & Wakefield has compiled statistics on the North American industrial markets. Where does yours stack up against the field of primarily U.S. cities and industrial markets?

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Topics: Tucson, Industrial, Commercial real estate, Investment property, Market trends, Vacancy, Lease rates, Warehouse, Manufacturing, Construction

Property Tax: Managing real estate ownership expenses in Arizona

Posted on Wed, Feb 06, 2013

Property taxes are one of the main expenses of real estate ownership in Arizona. In today’s business climate, taxes are under the microscope more than ever as property owners and managers seek ways to reduce expenses. We are fortunate that Arizona has a tax valuation appeal system. The system allows property owners or their agents to file an appeal petition for review with the purpose of lowering property tax. 

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Topics: Tucson, Industrial, Commercial real estate, Investment property, Office, Retail, Medical office, Multifamily