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PICOR Connect | Trends in Commercial Real Estate

Gears Turning in Tucson Industrial Market

Last updated on May 6th 2015

As we entered the second quarter of 2015, key drivers for the Tucson industrial market included logistics and call centers, with the mining industry preparing for the next wave. Tucson’s unemployment rate dropped 0.3 percentage point to 5.6% in February, considered close to full employment. That being said, the slow pace of job growth remained of primary concern and impeded stronger market[…]

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Creative Brokerage Brings HomeGoods Tucson Distribution Center | RE Daily News

Last updated on April 30th 2015
There has been much written about the new HomeGoods Tucson distribution center lately. What hasn’t been told until now, is the creative brokerage it took by a group of real estate professionals to assemble the land for the HomeGoods Tucson deal to come together.  It really started almost two years earlier, when the Massachusetts-based TJX Companies, HomeGoods’ parent company, broadcasted its[…]
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Tucson Multifamily: Student Housing & Class A Construction Lead the News

Last updated on November 13th 2013

Operating fundamentals continued to slowly improve in Tucson with modest decreases in vacancy, positive absorption, a small increase in rental rates and some continued decline in rental concessions. Average vacancy dropped from 9.4% to 9.3% and the average rental rate essentially held steady, averaging $635. In a continuation of a four-year trend, higher occupancies and stronger increases in[…]

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Keeping Score: New TAR Scorecard tracks Tucson real estate market metrics

Last updated on August 8th 2013

The TAR Scorecard gathers data from different sources to present a broader, comprehensive view of the overall real estate-housing and development market. The objective is to identify emerging trends in various subsectors. Viewed separately, these subsectors may not appear to be interrelated.  But over time, the data ultimately converges to affect the performance of the entire market.

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North American Industrial Market Statistics

Last updated on February 21st 2013

From Vancouver, B.C. with the lowest tracked vacancy rate to Birmingham, Alambama with the highest, Cushman & Wakefield has compiled statistics on the North American industrial markets. Where does yours stack up against the field of primarily U.S. cities and industrial markets?

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State of the Tucson Commercial Real Estate Market: Facts & Forecasts

Last updated on January 31st 2013

We've been in the prognostication business of late, and have gathered a great deal of data on the Tucson commercial real estate markets in one slide deck.

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Economic Stimulus: Fee Credits for New Development in Pima County

Last updated on June 22nd 2012

On Wednesday, Metropolitan Pima Alliance (MPA) announced Pima County's approval of fee credits for prior new development. When considered with last month's change in connection fee structure for new construction, the comprehensive changes that MPA was able to negotiate with Pima County will certainly save Tucson-area commercial real estate owners and investors substantially when doing new[…]

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