PICOR Connect | Trends in Commercial Real Estate

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.

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

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.

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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.

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

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Topics: Tucson, Investment property, Market trends, Economic development, 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?

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

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

Commercial Real Estate and Investment in Sonora, Mexico

Posted on Wed, May 30, 2012

A recent program held by the Pima County Real Estate Research Council (PCRERC) featured speakers entrenched in commercial real estate and investment south of the Arizona-Sonora border in the state of Sonora, Mexico. Presentations opened many eyes about the opportunities for U.S. companies and individuals to locate and invest in Sonora. 

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Topics: Tucson, Commercial real estate, Industrial, Investment property, Sonora Mexico, Economic development, Manufacturing, Warehouse, Logistics

The Sun Corridor's Role in Global Cargo Business

Posted on Wed, Nov 16, 2011

With aging U.S. infrastructure and an overburdened interstate system, one Tucson property owner is working on creative solutions to increase cargo business through the Port of Tucson intermodal facility at Century Park Business Center.

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Topics: Tucson, Commercial real estate, Industrial, Economic development, Manufacturing, Warehouse, Intermodal facilities, Transportation, Logistics, Rail, Rail

Recovery forecasted for logistics property and warehouse space

Posted on Fri, Sep 23, 2011

This week Prologis, global leader in warehouse development and ownership, forecasted a 12-18 month ramp up in absorption of warehouse space, largely driven by production and trade increases. We asked how Tucson warehouse space fares in the market place and whether the recovery locally will track the global and U.S. forecasts.

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Topics: Tucson, Commercial real estate, Industrial, Absorption, Manufacturing, Warehouse, Intermodal facilities, Logistics, Rail

Solar Research: Exploring Storage Technologies

Posted on Wed, Jul 27, 2011

The Solar Zone, located within Tucson's UATechPark, continues to grow its solar research capabilities. The recent announcement by Solon Corp. and AzRISE Director, Joe Simmons to undergo research into improved methods of energy storage demonstrate innovation with practical applications.

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Topics: Tucson, Commercial real estate, Solar, Technology, Economic development, Manufacturing, Green buildings