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PICOR Connect | Trends in Commercial Real Estate

Why a CRE Advisor is Essential for Your Location Search

Last updated on May 25th 2023

The quest for the ideal business location in Tucson or Southern Arizona is a pivotal journey, one that requires an adept navigator – a Commercial Real Estate (CRE) advisor or broker. Just as every successful voyage calls for a competent captain, every business relocation or expansion necessitates the expertise of a dedicated Tucson commercial real estate partner. Let's delve into the reasons why[…]

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Tucson's Industrial Market: Another Historically Low Vacancy Rate and Rising Prices

Last updated on May 10th 2023

During the first quarter, the Tucson industrial market registered a record-breaking low vacancy rate of 1.8%, while overall absorption reached 597,391 square feet (sf). This trend is not new as Tucson's supply continues to fall behind the demand, exacerbated by a 50% increase in construction costs over the past year. Consequently, lease rates and terms have been steadily increasing. 

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Nearshoring to Mexico: A Reality Check

Last updated on April 26th 2023

The Trend Report, May 2023 Edition | Volume 16 - Issue 05 

If we think about it, the last five years have been somewhat of a ‘perfect storm’ for Mexico. The first conversations about nearshoring, came about when the US decided to place tariffs on Chinese imports in early 2018. This coincided with the ratification of the revised NAFTA Agreement (USMCA) later that year, immediately followed by the[…]

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From Apartments to Warehouses: C&W | PICOR Wins with The Beverly on Fifth & Palo Verde Industrial

Last updated on March 1st 2023

The top sale this past week at Cushman & Wakefield | PICOR was of The Beverly on Fifth, a residential property in Central Tucson, where our Multifamily Team, Allan Mendelsberg, and Joey Martinez represented both parties in this transaction. The top lease was of industrial space within Southwest Tucson, where Robert C. Glaser, Industrial Specialist, represented the landlord in this transaction.

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CCIM Economic Forecast | Insights on Tucson's Industrial Market from Jesse Blum

Last updated on February 23rd 2023

Jesse Blum, an industrial specialist at Cushman & Wakefield | PICOR, presented at the CCIM Economic Forecast on February 16th, sharing his insights on Tucson's industrial market growth.

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Industrial Market: Historically Low Vacancy Rate, New Expansions, & Price Inflations

Last updated on January 25th 2023

The Tucson industrial market remained stable at year end, with market-wide vacancy approaching a historic low of 2.5%. Net absorption in Q4 was estimated at 590,980 square feet (sf), about half in newly constructed projects. Demand is being driven primarily by logistics, distribution, manufacturing, and the cannabis industry.

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Industrial Properties Continue to Be in High Demand

Last updated on January 18th 2023

The top sale this past week at Cushman & Wakefield | PICOR was of a lot at Rio Rico South Industrial Park where one of our Industrial Specialists, Jose Dabdoub, represented the seller in this transaction. The top lease was of another industrial space, a renewal at Country Club Commerce Center where one of our Industrial Specialists, Robert C. Glaser, SIOR, CCIM, Principal, represented the[…]

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Tucson Industrial Market Remains Active

Last updated on December 29th 2022

The top sale this past week at Cushman & Wakefield | PICOR was of a 9,900 square foot (SF) industrial building located near Interstate 10 where Paul Hooker, SIOR, Principal, Jesse Blum, Principal, and Andrew Keim, Industrial Specialists represented the seller in this transaction. The top lease was of a 16,100 SF industrial space at North Business Center where Paul Hooker, SIOR, Principal,[…]

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Central Tucson Continues to Have High Investment Activity

Last updated on December 21st 2022

The top sale this past week at Cushman & Wakefield | PICOR was of Vine Apartments, an 8-unit investment property located just south of the University of Arizona campus. C&W | PICOR Multifamily Specialists, Allan Mendelsberg, Principal, and Joey Martinez represented both parties in this transaction. The top lease was of an 8,000 square foot (SF) industrial property at 2055 E 17th St, located in[…]

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Central Tucson Remains Active With Apartment Sales & Leasing of Industrial Warehouses

Last updated on December 7th 2022

The top sale this past week at Cushman & Wakefield | PICOR was of 32nd Street Apartments, an investment property located in central Tucson where our Multifamily Specialists, Allan Mendelsberg, Principal, and Joey Martinez represented both parties in this transaction. The top lease was of a 43,065 square foot (SF) industrial space, also located in central Tucson, where our Industrial Specialists[…]

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