PICOR Connect | Trends in Commercial Real Estate
Industrial Properties Continue to Be in High Demand
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[…]
Tucson Industrial Market Remains Active
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,[…]
Central Tucson Continues to Have High Investment Activity
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[…]
Central Tucson Remains Active With Apartment Sales & Leasing of Industrial Warehouses
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[…]
Apartment Sells for $8.5 Million & Industrial Properties Continue to be Leased
The top sale this past week at C&W | PICOR was of a 72-unit apartment complex located on Fort Lowell Road where Allan Mendelsberg, Principal, and Joey Martinez represented both the buyer and seller in this transaction. The top lease was of a 15,000 square foot (SF) warehouse/office space near I-10 where Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist, represented the landlord in[…]
Renovated Multifamily Asset Sells near University, Fenced Yard Leases at Old West Industrial Village
The top sale this past week at C&W | PICOR was of a renovated multifamily asset located near the University of Arizona where Allan Mendelsberg, Principal, and Joey Martinez represented both the buyer and seller in this transaction. The top lease was of a fenced yard at Old West Industrial Village, Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist, represented the landlord in this[…]
Investment Sale of Industrial Building & University of Arizona Leases Office Space
The top sale this past week at C&W | PICOR was an investment sale of an industrial building in Butterfield Business Center where our Industrial Specialists, Paul Hooker and Robert C. Glaser, represented the seller. The top lease was of an office space near Main Gate square which was leased by The University of Arizona. Molly Mary Gilbert, one of our Office Specialists, represented the landlord in[…]
Demand for Industrial Space Continues to Grow
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.