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Home / Investment Sales

PICOR Connect | Trends in Commercial Real Estate

Q1 MultiFamily Report Reveals Slower Leasing, Rent Adjustments, and Market Competitiveness

Last updated on May 31st 2023

Tucson’s average vacancy rate increased by 0.03% to 7.49% in Q1 2023, representing a 2.64% decrease year-over-year. The Tucson market’s leasing activity slowed as the new year turned, but towards the end of the first quarter picked back up velocity. The average gross apartment rent without utilities increased by $7 (.61%) from Q4 2022 to $1,164 per unit/$1.53 per square foot (sf). Of completed[…]

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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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Tucson's Office Market: Pandemic Impacts, Medical Investment Trends, and the Rise of Mental Health Companies

Last updated on May 3rd 2023

The Tucson office market continues to see a rippling effect from the pandemic as employers try to entice employees back to the office. Although vacancy rates have remained at 10.1%, the negative net absorption rate of -62,372 square feet (sf) is a cause for concern as the available inventory of 2,914,919 sf remains on the market. The post-pandemic hybrid work schedule has led to a trend in larger[…]

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Meet Jason Abraham Shaltiel – Q & A

Last updated on April 21st 2023

This week we welcomed Jason Abraham Shaltiel to our commercial real estate brokerage team!

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Central Tucson: Olive Tree Apartments and a Medical Office Building Acquired for Over $3M

Last updated on April 5th 2023

Cushman & Wakefield | PICOR had a number of sales transactions last week. Among them, two deals stand out in central Tucson that showcase the variety of investment opportunities available in the area.

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Broker Buzz - Get to Know Bryce Horner

Last updated on March 29th 2023

Get to know Bryce Horner, Cushman & Wakefield | PICOR's investment sales and leasing specialist. 

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Circle K Disposition: Opportunity for Small Business Owners & Investors in Southern Arizona

Last updated on March 17th 2023

Cushman & Wakefield | PICOR recently sold a 2,112-square-foot retail building in central west Tucson where Rob Tomlinson and Greg Furrier, Principals and Retail Specialists, represented the seller in the transaction.

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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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Multifamily Market Slows Down in Q4: Vacancy Rates Increase and Rents Soften

Last updated on February 15th 2023

In the fourth quarter, Tucson saw the average vacancy rate increase 1.20% to 7.46% from the previous quarter, which is also a 3.08% increase year over year (YOY). 

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