Sonora, the Mexican state bordering Arizona to the south, represents a multitude of established and emerging opportunities for businesses and investors stateside. Here we will highlight some of the leading industries and factors contributing to Sonora's business climate. As a licensed commercial real estate broker in the state of Sonora, PICOR, through its POCIR entity, is positioned to advise[…]
PICOR Connect | Trends in Commercial Real Estate
In the midst of ICSC's RECon, the retail real estate industry's largest deal making event, statistics continue to support the relationship between retail sales and the demand for industrial real estate. That being said, local growth remains tepid. However, as always, national trends and cycles will come to impact the Tucson market.
Going intermodal: Among the many quality industrial real estate options available to Tucson businesses, with its rail-served warehouse and manufacturing facilities, Century Park Research Center stands out as a unique option.
Forgive us a little self promotion...
As the recovery slowly continues and the dust settles, we are seeing some clear and notable patterns. While overall Tucson vacancy rates have climbed from an all-time low of 3.1% in 4Q 2005 to a high of 8.8% in 1Q 2011, not all properties have fared equally. As landlord requirements on credit have loosened and preferences begin to shift from national to local tenants, a consistent “flight to[…]
The Tucson apartment investment market is enjoying improved operating fundamentals and renewed interest from investors as confidence returns.
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[…]
In 19 years tracking the Tucson industrial market,business park occupanciespeaked in 2007 at 94.9%. What does the 2010 trough of 82.0% (second only to 1992 by a hair) tell us about the state of business expansion and contraction in the Tucson industrial sector, and is it a microcosm of national market conditions?
As simple as it seems, this can be a very difficult question, whether you seek Tucson office space or another type of commercial building. Every business is different...yet the factors affecting this decision are pretty constant. A good place to start is a discussion with your attorney and/or CPA to determine which options provides the best tax advantage for your business. Tax deductions,[…]