We hopped onto Tucson Regional Economic Opportunities' (TREO) website this week and found that three positive Tucson economic development and employment stories came rapid fire, within a week of each other.
PICOR Connect | Trends in Commercial Real Estate
We like a concise weekly snapshot of economic activity that hits both the national and regional scenes, and thought we would share Elliott Pollack & Company's latest with you. This week, Elliott Pollack & Co. weigh in on some positive national indicators and sequestration's impact on Arizona.
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.
The University of Arizona's Economic and Business Research Center publishes quarterly data and insights on the Arizona and Tucson economies. Read the editor's synopsis below of current economic conditions, with links to detailed stories.
For the first time, C&W | PICOR Commercial Real Estate has partnered with The CoStar Group to deliver a "State of the Tucson Market" webinar, which will include perspectives from leaders of each commercial division and include the Sonora, Mexico border region.
During my Q1 2012 Industrial Market update presentation for the Pima County Real Estate Research Council, I noted the schizophrenic market we seemed to be in at the time; a market which seemed to experience large swaths of space coming available and being absorbed, with the end result being no noticeable net gain or loss. This comment is also true today. For example, we watched a 100,000 sf[…]
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[…]
Located only 60 miles from the U.S.-Mexico border, Tucson is the second-largest city in Arizona. With a population near one million residents, the metro area is host to private and public employment, including the roughly 50,000 students and employees at the University of Arizona (U of A), a highly-ranked public research institution founded in 1885. Davis-Monthan Air Force Base is located[…]
A recent program held by the Pima County Real Estate Research Council (PCRERC) featured speakers entrenched in commercial real estate and investment south of the Arizona-Sonora border in the state of Sonora, Mexico. Presentations opened many eyes about the opportunities for U.S. companies and individuals to locate and invest in Sonora.
Despite extensive media coverage of the Arizona–Sonora region painting a less than rosy picture, many positive things are happening in the border states.