Broker Buzz: From Chamber of Commerce to CRE, Alex Demeroutis’s Strategic Career Path
Alex Demeroutis, a native Tucsonan, began her commercial real estate journey as a broker assistant to Jesse Blum, partnering with […]
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Cushman & Wakefield | PICOR’s 2024 Honorees
Cushman & Wakefield | PICOR recently held its Annual Awards event at the Tucson Country Club to highlight and celebrate […]
Tucson’s Q4 Multifamily Market Report: Concessions and Tenant Retention
Tucson’s apartment vacancy rate held steady at 8.4% in Q4 2024, exceeding the previous year’s average of 6.54%. The Northeast submarket maintained the lowest vacancy at 6.34%, while Tucson Mountain Foothills reached 10.18%. […]
Mister Car Wash Expands Near Tucson Mall in $3.25M Deal
Cushman & Wakefield | PICOR’s top sale of the week was the former BevMo property at 4646 N. Oracle […]
Tucson’s Q4 Retail Market Report: Experiencing Growth in Spite of Big Box Closures
The Tucson retail market experienced a slight uptick in vacancy, reaching 5.8% in Q4 due to the closure of Big Lots and 99 Cent Only stores. Class A properties continue to command historically high lease rates, with rents in the mid $40.00 per square foot (sf) triple-net (NNN) range common for new construction and projected to rise further in the coming year. […]
Tucson’s Q4 Industrial Market Report: Speculative Deliveries Reshape Market Dynamics
Tucson’s industrial market remains balanced with stable demand primarily driven by the market’s affordability. The vacancy rate ticked up nominally from 5.2% in Q3 to 5.4%, largely due to new speculative deliveries and the time required to absorb this new product. […]
