PICOR Connect | Trends in Commercial Real Estate

A Tale of Three Cities - Revisited

Posted on Tue, Jun 19, 2018

The purpose of this report is to show the strengths and weaknesses of Tucson, Arizona and its sister cities, Albuquerque, New Mexico and El Paso, Texas. The three cities are sisters since they have many commonalities including climate, population size, and each city having a military base and a university. The stats and data shown herein are used to illustrate the bigger picture and may not reflect exact figures.

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Topics: Commercial real estate, Office, Retail, Industrial, Economic development

Let the Good Times Roll! Tucson Industrial in 2018, TREND Report

Posted on Wed, Jun 13, 2018

“Wow!  What a great time to be in Industrial real estate!” These are sentiments not heard in almost a decade.  During the depths of the doldrums, the Tucson commercial real estate market was marked by Foreclosures and REO sales, “blend and extend” lease negotiations, downsizing (or “rightsizing” as it was more positively termed) and a general sense of survival.

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Topics: Economy, Manufacturing, Logistics, Transportation, Warehouse, Lease rates, Market trends, Investment property, Economic development, Commercial real estate