PICOR Connect | Trends in Commercial Real Estate

Velocity up in the Tucson industrial market

Posted on Thu, May 08, 2014

The national economy picked up in demand following the extreme winter. While statewide job gains are expected to outpace the nation in 2014, post-recession job recovery locally has lagged, leaving job creation the most pressing demand driver. March unemployment in Tucson was 6.6%, which was under both the state’s rate of 7.3% and the U.S. 

Read More

Topics: Tucson, Industrial, Commercial real estate, Investment property, Absorption, Market trends, Vacancy, Warehouse, Manufacturing

Business attraction in Tucson builds on small business success

Posted on Thu, Mar 27, 2014

While perhaps not significant in numbers of new jobs by most standards, recent employer relocations to greater Tucson signal a positive trend. With 2013's positive absorption in the Tucson industrial market fueled by expansion of local, small businesses, business attraction points to our market's affordability and workforce readiness. 

Read More

Topics: Tucson, Industrial, Intermodal facilities, Market trends, Manufacturing, Rail

The Real Estate Market in our Neighboring State

Posted on Sun, Dec 22, 2013

You might know Mexico is a country with just over 116 million people according, to the estimate made last July.  It has 31 States and the Federal District, known as Mexico City. About a year ago, the PRI party got back in power after 12 years of the PAN party being in power. Since then, a lot of good things have happened as a country in different areas such as education, telecommunication, security, energy and more reforms that are currently under negotiation. Without going into much detail, as this article’s intent is to address more of the real estate industry, there is no doubt that Mexico is moving forward and the progress will benefit all of us in Tucson, Arizona and more broadly. 

Read More

Topics: Industrial, Sonora Mexico, Commercial real estate, Lease rates, Warehouse, Manufacturing

Global Supply Chain Services: How does Tucson fit in?

Posted on Fri, May 24, 2013

In the realm of supply chain services, as with any growth-oriented product or service, constant innovation is a critical component to differentiate and create distance from the competition.

Read More

Topics: Commercial real estate, Warehouse, Transportation, Logistics, Manufacturing, Rail

Tucson industrial market: Back-to-back quarters of strong activity

Posted on Thu, May 02, 2013

From an economic standpoint, the State of Arizona reported significant job gains for the local market in February, with Tucson’s unemployment rate improving to 6.7% from 7.3% in January. In the past year, 3,500 more jobs were added, largely in the education, leisure/hospitality and construction sectors.

Read More

Topics: Tucson, Industrial, Commercial real estate, Investment property, Absorption, Market trends, Vacancy, Lease rates, Warehouse, Leasing, Manufacturing

Diagnostics: A new economic development strategy for the Tucson region

Posted on Tue, Apr 02, 2013

Guest post from Tucson Regional Economic Opportunities (TREO), on the launch of a new economic development strategy focused on the strengths of southern Arizona diagnostics.

Read More

Topics: Tucson, Technology, Economic development, Manufacturing

By road, air and sea: Tucson's future as a distribution hub

Posted on Tue, Mar 26, 2013

Geography, cost and a new attitude. Those three ingredients have put Tucson in the national spotlight for companies looking for markets with distribution hubs, a new report shows. Tucson is one of the least expensive cities in which to operate a distribution warehouse and its proximity to key U.S. and international markets makes it attractive to companies looking to expand or relocate, says the report by The Boyd Co. Inc. of Princeton, N.J.

Read More

Topics: Tucson, Industrial, Sonora Mexico, Intermodal facilities, Economic development, Warehouse, Transportation, Logistics, Manufacturing, Rail

The World (or Nation) According to Elliott

Posted on Tue, Mar 12, 2013

We like a concise weekly snapshot of economic activity that hits both the national and regional scenes, and thought we would share Elliott Pollack & Company's latest with you. This week, Elliott Pollack & Co. weigh in on some positive national indicators and sequestration's impact on Arizona. 

Read More

Topics: Tucson, Economic development, Investment property, Market trends, Manufacturing, Phoenix

North American Industrial Market Statistics

Posted on Thu, Feb 21, 2013

From Vancouver, B.C. with the lowest tracked vacancy rate to Birmingham, Alambama with the highest, Cushman & Wakefield has compiled statistics on the North American industrial markets. Where does yours stack up against the field of primarily U.S. cities and industrial markets?

Read More

Topics: Tucson, Industrial, Commercial real estate, Investment property, Market trends, Vacancy, Lease rates, Warehouse, Manufacturing, Construction

When Will the Tide Turn for the Tucson Industrial Market?

Posted on Thu, Oct 18, 2012

Not long ago, tsunamis and commercial real estate were part and parcel of the same discussion. While no tidal waves--positive or negative--are expected to shake the Tucson industrial market, many wish to know: After bouncing along with only incremental change, when will the tide turn?

Read More

Topics: Tucson, Industrial, Commercial real estate, Investment property, Absorption, Market trends, Vacancy, Lease rates, Warehouse, Leasing, Manufacturing