With an improving national economic and employment picture slowly lifting all boats, the Arizona and Tucson employment rates followed suit; statewide employment was up 2.1% over a year ago. Residential inventory continued to stabilize and median sale prices gained 6.2% over prior year. Shared Services Center’s expansion announcement netting 200 new jobs made a positive statement about Tucson as a location to service western states.
Topics: Tucson, Commercial real estate, Industrial, Investment property, Sonora Mexico, Leasing, Market trends, Vacancy, Lease rates, Warehouse
With an improving national economic and employment picture lifting all boats, the unemployment rate for Arizona and the Tucson metro area followed suit. Home sales inventory continued to stabilize and median sale prices gained 6.2% over prior year. Shared Services Center’s expansion announcement netting 200 new jobs made a further positive statement about Tucson as a location to service western states.
Topics: Tucson, Commercial real estate, Office, Investment property, Leasing, Absorption, Market trends, Vacancy, Lease rates, Medical office
The U.S. economy added 248,000 jobs to payrolls in September, marking the seventh time in the past eight months that employment has increased by more than 200,000.
Topics: Commercial real estate, Investment property, Finance, Economy
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