PICOR Connect | Trends in Commercial Real Estate

6 Tactics to Own Your CRE Market: APTO Guest Post

Posted on Thu, May 26, 2016

As you know all too well, success in commercial real estate doesn’t come easy. Triumphing in this business requires drive, focus, and a lot of hard work. It also demands a systematic approach that helps you direct your limited time and resources to activities that will bolster your client relationships and truly drive business. Identifying these and prioritizing them over everything else will help you work smarter and achieve success more quickly.

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Topics: Commercial real estate, Investment property, Leasing, Marketing

Job Growth Spells Good News for Tucson Apartment Market

Posted on Tue, May 10, 2016

No better news could have been reported for the Tucson apartment market than job growth, which translated into the strongest improvement in fundamentals in years.  The vacancy rate for stabilized units in Tucson dropped 100 basis points (bp) from the previous quarter to 6.8%.  This is the lowest first quarter rate since 2007. North Tucson, comprising Northeast Tucson (3.8%) and Oro Valley/Catalina (4.7%) reported the lowest vacancy rates. The University area experienced a 520 bps increase in vacancy, ending the quarter at 11.9%. One area of concern in this submarket is the potential of overbuilding in the student housing sector.  In addition, older units, especially those in outlying areas, are losing ground in the form of lease-up and rents to newer units.

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Topics: Tucson, Commercial real estate, Investment property, Apartments, Multifamily

Restaurants & Medical Uses lead the Tucson Retail Charge Q1

Posted on Tue, May 03, 2016

Vacancy in the Tucson retail market remained at 6.6% in the first quarter, in line with the stability reported over a two-year span. Comparing year-over-year Q1 net absorption, the delta represented 139.0% more space absorbed in Q1 2016 than was lost in Q1 2015. 

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Topics: Tucson, Commercial real estate, Investment property, Leasing, Retail