Sam Kleiner, the son of Cushman & Wakefield | PICOR shareholder Rick Kleiner and his wife Jan, is in the news on the occasion of the release of Sam’s book The Flying Tigers, The Untold Story. Published by Penguin Random House, the book has been released nationally earlier this month.
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Topics: Tucson
The overall performance of Tucson’s professional office and medical market remained solid through Q1 2018, with a slight shift in overall vacancy to 8.9%. Market fundamentals were significantly improved year-over-year, as demonstrated by the vacancy rate improving from 10.6% in Q1 2017.
Read MoreTopics: Office, Leasing, Lease rates, Absorption, Commercial real estate, Tucson
Tucson retail vacancy improved dramatically in the first quarter of 2018, dropping from 6.0% to 5.6%. This may have led to an increase in average asking lease rates compared to last quarter. Rates averaged $15.05 per square foot (psf) versus $14.87 psf at year end 2017.
Read MoreTopics: Economy, Retail, Leasing, Absorption, Lease rates, Vacancy, Commercial real estate, Tucson, Investment property
Absorption of Tucson industrial space continued during the first quarter of 2018, with 57,423 square feet (sf) of positive net absorption for the quarter. This reduced the overall vacancy rate to 6.3% in the 42.9 million square foot (msf) inventory of industrial buildings.
Read MoreTopics: Industrial, Warehouse, Commercial real estate, Tucson, Manufacturing, Logistics
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