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Home / Vacancy

PICOR Connect | Trends in Commercial Real Estate

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

Last updated on January 25th 2023
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Tucson's Multifamily Market is Years Ahead in Supply & Set to Withstand Economic Uncertainty

Last updated on November 30th 2022
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Office Activity Remains Consistent Despite the Work-From-Home Environment

Last updated on November 16th 2022
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Tucson's Industrial Vacancy Rate Hit Record Low in Quarter 3

Last updated on November 2nd 2022
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Post-COVID Consumer Spending & Drive-Through Property Demand

Last updated on September 7th 2022

Consumer spending has been trending away from soft goods into experiences, food, and entertainment driven by post-COVIDdemand.

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Q2 2022 Multi-Family Marketbeat

Last updated on August 29th 2022

Throughout Q2 2022, the Tucson market remained relatively strong compared to other one million plus population markets.

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Q2 2022 Office Marketbeat

Last updated on August 24th 2022

During Q2, overall activity remained static despite more workers returning to the office. National companies were more likely to insist on a return to the office while local employers took more time to work alternatives.

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Q2 2022 Industrial Marketbeat

Last updated on August 15th 2022

Overall market sales volume remains strong with $68.1 million trading this quarter.

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Tucson Office Market: In Flux or Flexing?

Last updated on August 24th 2021

In Q2, Tucson’s post-pandemic office market began to re-center itself, as vaccinations became more widespread, and employers planned their return to office strategies. Vacancy rose to 9.5%, with an expectation it will approach 10.0% by year-end before stabilizing. Activity was strongest in the healthcare-related fields, with hospice, home health care, counseling and therapy uses most prevalent.

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Tucson Multifamily Market Sizzles Mid-Year

Last updated on August 17th 2021

For investors looking for investments $20 million and under, Tucson ranked number 4 on the list of small/middle sized markets. A larger driver of the demand for multifamily in Tucson is the attractive year-over-year (YOY) average rent growth of 9.1%. The shortage of affordable and traditional housing in Tucson also fuels apartment rental demand. With construction costs tripling on certain[…]

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