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PICOR Connect | Trends in Commercial Real Estate

Tucson’s Q2 Multifamily Market: Vacancy Rates, Investment Trends, and Insights

Published on July 31, 2024

Tucson’s apartment vacancy increased to 8.48% in Q2 2024, up 0.25% from Q1 2024….

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Tucson’s Q2 Retail Market: Repurposing Inventory to Meet Modern Demands

Published on July 26, 2024

During Q2 2024, the Tucson retail market maintained stability with a 5.7% vacancy rate and positive absorption of 52,500 square feet (sf) over the past 12 months…

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Tucson’s Q2 Industrial Market: Rising Vacancies & Sustained Demand

Published on July 18, 2024

During Q2 2024, Tucson’s industrial vacancy rates rose to 5.6% from a historic low of 1.8% in Q1 2023, driven largely by the completion of four large speculative warehouses….

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Tucson’s Q2 Office Market: Stability, Medical Demand, and Strategic Conversions

Published on July 10, 2024

The vacancy rate in Tucson’s office market remained relatively stable, with a slight increase to 10.5% during Q2 2024….

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Industrial Trends Strong for Tenant Representation

Published on July 3, 2024

Wow, it’s already mid-summer! Halfway through the year, I think there is a lot of activity in the Tucson market….

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New Tucson Auto Museum Location Acquired for $2.76M

Published on June 26, 2024

  This month, one of the top sales was 4825 N Sabino Canyon Road, which sold for $2,758,000 ($107.42 per…

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Multi-Tenant Warehouse at 2106 N Forbes Blvd Sells for $3.92M

Published on June 19, 2024

The top sale last week at Cushman & Wakefield | PICOR was of a 40,078 square foot multi-tenant investment industrial…

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Guest Post: 5151 E. Broadway Opens Executive Suites and Unveils New Fitness Facility

Published on June 12, 2024

Guest Post: Real Estate Daily News 5151 E. Broadway, Tucson’s largest commercial office building, announces Tower 5151 Executive Suites, from one…

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Gem Show Investor Completes 11.8-Acre Assembly with Purchase of $1.2M

Published on June 5, 2024

  Elm Street, LLC, a prominent investor in Tucson’s Gem Show, has recently purchased several properties to create a large…

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AI’s Role in CRE: Enhancing, Not Replacing, The Human Experience

Published on May 30, 2024

  Everyone’s heard of artificial intelligence – from Apple’s virtual assistant, Siri, to automated customer service at retail stores. Machine…

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