PICOR Connect | Trends in Commercial Real Estate

Positive Outlook for Tucson Apartment Market in 2017

Posted on Tue, Feb 21, 2017

 

Read More

Topics: Tucson, Economy, Commercial real estate, Vacancy, Leasing, Apartments, Multifamily

Tucson Industrial Market Sees a Surge

Posted on Wed, Feb 15, 2017

With accelerating improvement in vacancy from 9.2% to 7.8% year-over-year, Tucson’s industrial market reported the strongest annual gain since 2006 and the lowest vacancy mark since Q3 2008. With occupancy above 92% and no speculative space under construction, the market will experience upward movement in rents. Rent pressure has already occurred for spaces 5,000 square feet (SF) and under. Net absorption for 2016 nearly doubled that recorded in 2015 at nearly 1.5 million square feet (MSF). Absorption over the past twelve months exceeded all years since 2006’s high of 1.9 MSF.

Read More

Topics: Tucson, Industrial, Economy, Commercial real estate, Economic development, Vacancy, Warehouse, Leasing, Logistics, Manufacturing

Tucson Retail Market Expects a Strong First Quarter

Posted on Wed, Feb 08, 2017

Tucson’s retail market ended 2016 with a 6.4% vacancy, the same as year-end 2015, supported by a healthy market with positive growth in retail sales. With the exception of 2013, positive net absorption of 386,786 square feet (SF) for the year exceeded the total for each year since 2007. Gross absorption was also at a three-year high.

Read More

Topics: Tucson, Economy, Commercial real estate, Vacancy, Lease rates, Leasing, Retail