PICOR Connect | Trends in Commercial Real Estate

By road, air and sea: Tucson's future as a distribution hub

Posted on Tue, Mar 26, 2013

Geography, cost and a new attitude. Those three ingredients have put Tucson in the national spotlight for companies looking for markets with distribution hubs, a new report shows. Tucson is one of the least expensive cities in which to operate a distribution warehouse and its proximity to key U.S. and international markets makes it attractive to companies looking to expand or relocate, says the report by The Boyd Co. Inc. of Princeton, N.J.

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Topics: Tucson, Industrial, Sonora Mexico, Intermodal facilities, Economic development, Warehouse, Transportation, Logistics, Manufacturing, Rail

Positive Tucson Economic Development News Comes in Threes

Posted on Tue, Mar 19, 2013

We hopped onto Tucson Regional Economic Opportunities' (TREO) website this week and found that three positive Tucson economic development and employment stories came rapid fire, within a week of each other.

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Topics: Tucson, Economic development, Market trends

The World (or Nation) According to Elliott

Posted on Tue, Mar 12, 2013

We like a concise weekly snapshot of economic activity that hits both the national and regional scenes, and thought we would share Elliott Pollack & Company's latest with you. This week, Elliott Pollack & Co. weigh in on some positive national indicators and sequestration's impact on Arizona. 

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Topics: Tucson, Economic development, Investment property, Market trends, Manufacturing, Phoenix

Retail Trends: Anchored Centers vs Mid-block Strip Centers

Posted on Thu, Mar 07, 2013

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 occupancies see a 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, Market trends, Vacancy, Lease rates, Leasing, Retail