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Home / PICOR Connect | Trends in Commercial Real Estate

PICOR Connect | Trends in Commercial Real Estate

Demand for Industrial Space Continues to Grow

Last updated on October 13th 2022

Last week, our top sale and lease transactions comprised of industrial properties. These transactions illustrate the growing economy and the high demand for industrial space. Meanwhile, the vacancy rates are at a record low of 3.2%. Companies are marking Tucson as a desirable location as we see national growth in the manufacturing and logistics industries. 

 

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Heading Back To The Office?

Last updated on October 5th 2022
The calendar says September so Fall must have arrived. However a quick glance at our daily temperatures reminds us that we’ll have to be patient a bit longer for our hot weather to depart. Nonetheless the kids are back to school, UA football is underway, and while mindful of COVID, we’re all busily making plans for our ‘new normal’ routines.
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Historical Building Sells for Above Asking Price, While Catering Company Renews Lease in Butterfield Business Center

Last updated on September 28th 2022

Our top sale last week was of a historical office building architecturally ahead of its time where one of our office specialists, Richard M. Kleiner, MBA, Principal, represented the seller. Our top lease was an industrial space from a local catering company that not only serves exceptional food but provides catering for emergency responders during crises. Paul Hooker, SIOR, Principal, Andrew[…]

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Renovated Investment Property Sells for $1.2 Mil, While a Warehouse Distribution Center Supports Nearshoring Manufacturing

Last updated on September 21st 2022

The multi-family and industrial team produced the top sale and lease transactions last week at C&W | PICOR. Allan Mendelsberg, Principal, and Conrad Joey Martinez recently sold an apartment property near the University of Arizona. Across the border, Jose Dabdoub, Industrial Specialist, represented the tenant during the lease of a warehouse distribution center in Mexico.  

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2022 Annual Pancake Breakfast Fundraiser

Last updated on September 9th 2022

Sunday, October 2 from 8:00 AM - 1:00 PM at Reid Park, Cushman & Wakefield | PICOR employees, family members, and friends of the firm will mix, pour, flip and serve as many pancakes as you can eat! 

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Post-COVID Consumer Spending & Drive-Through Property Demand

Last updated on September 7th 2022

Consumer spending has been trending away from soft goods into experiences, food, and entertainment driven by post-COVIDdemand.

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Q2 2022 Multi-Family Marketbeat

Last updated on August 29th 2022

Throughout Q2 2022, the Tucson market remained relatively strong compared to other one million plus population markets.

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Q2 2022 Office Marketbeat

Last updated on August 24th 2022

During Q2, overall activity remained static despite more workers returning to the office. National companies were more likely to insist on a return to the office while local employers took more time to work alternatives.

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Q2 2022 Industrial Marketbeat

Last updated on August 15th 2022

Overall market sales volume remains strong with $68.1 million trading this quarter.

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PICOR Charitable Foundation Raises $124,910 for Tucson Youth

Last updated on January 25th 2022

In its 27th year, the PICOR Charitable Foundation was again barred from flipping pancakes for the Tucson community by pandemic conditions, yet through the generosity of donors committed to supporting non-profit youth programs in the region, the Foundation raised its first-ever six figures in donations, bringing in $124,910.

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