PICOR Connect | Trends in Commercial Real Estate

Guest Post: Tucson commercial rental tax is repealed for some

Posted on Wed, Jul 24, 2013

In this era when it seem that taxes only go up and never disappear, I have some good news to report. 

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Topics: Tucson, Commercial real estate, Investment property, Finance

Tucson office market Q2: Is the needle stuck?

Posted on Wed, Jul 10, 2013

Arizona job growth has outpaced the nation since hitting bottom in fall 2010, but is still digging out of the significant hole left by job losses during the downturn. While Phoenix has experienced much of this growth, Tucson has not enjoyed the same progress. Local unemployment rates continue to improve ending May at 6.3%, a full percentage point improvement since January 2013. Retail sales in the metro area were up 2.1% year-over-year, and May home sales posted positive numbers with median prices up 12% and closings up 11%, both over May 2012.

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