PICOR Connect | Trends in Commercial Real Estate

Tucson Office Market Marches On

Posted on Tue, Mar 19, 2019

Tucson’s office market ended 2018 with an overall vacancy of 8.4%, reflecting consistency and stability in the market for three straight quarters. While higher in 2017, 2018’s positive net absorption of 146,000 square feet (sf) marked the fifth year in positive territory. On this solid platform with firm fundamentals, tightening inventory has created rent pressure in select niche markets. Average rates market-wide increased slightly over the year to $19.16 per square foot (psf), with class A rates ending the year at $23.82 psf. 

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Topics: Tucson, Commercial real estate, Investment property, Market trends, Leasing, Office, Medical office

Brandon Rodgers Achieves SIOR Designation

Posted on Fri, Mar 15, 2019

Brandon Rodgers, SIOR, CCIM of Cushman & Wakefield | PICOR, has achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®.  SIOR is a Washington, DC-based international professional organization of more than 3,300 commercial real estate professionals whom have earned the coveted SIOR designation.

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Topics: Tucson, Industrial, Commercial real estate, Leadership