"The commercial real estate industry (CRE) is experiencing one of the most profound economic, social and cultural transformations in history. Globalization, rapid urbanization, shifting demographics, and technological advances are ushering in unprecedented change, and today’s landscape looks dramatically different than it did even one decade ago. CRE professionals are tasked with finding new ways to adapt to this fluid and on-demand business landscape and in order to remain relevant and competitive in the digital era, the industry as a whole must operate dynamically and iterate rapidly."Read More
PICOR Connect | Trends in Commercial Real Estate
In this guest post by The News Funnel, we discuss how the rollout of technology products geared toward the commercial real estate profession has just begun. Like any other shift in the collective consciousness of a particular industry, sometimes a movement takes time to gain traction. However, for those quicker to adapt, the commercial real estate tech scene is bursting at the seams with useful products that help people work more efficiently. We compiled a list of the top 10 examples of such technology for this post:
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.
Evolving consumer expectations, ubiquitous connectivity, and the growing adoption of mobile technologies are rapidly transforming the retail environment. The retail store once held the position as the primary and most tangible means for a customer to encounter a brand and remains the principal channel for the merchant and shoppers to connect. Stores have since become only one component of a broader, more interconnected shopping experience. Retailers need a strategy beyond becoming a destination in order to attract the loyalty and a larger share of the consumer wallet.
The Tucson medical space market has been dynamic through the economic recession, perhaps more so than any other sector of the commercial real estate market. Recent activity has shifted from the heady days of 2003 through 2008, when the purchase of medical office buildings was all the rage, to the currently more conservative world of leasing office space. To be sure, all activity, sale or lease, has occurred at significantly lower price levels, with prices and rents down 10 to 15% in medical properties, albeit significantly less than declines in the market for general office space.
The University of Arizona Office of University Research Parks (OURP) has released a new study documenting the economic impact of the University of Arizona Science and Technology Park (UA Tech Park) and its significant contribution to Pima County’s economy.
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.
For those considering solar commercial property in Arizona, Tucson's Solar Zone, a 250-acre park established within the University of Arizona's Science and Technology Park, is a leading hub for solar power generation, distribution, research and development. In working to recruit solar energy companies worldwide, the team is generating synergies and working to position the site at the industry's leading edge. Read more in this article, which first appeared in TechConnect Magazine: