Tucson Commercial Real Estate: Brokerage and Property Management
Cushman & Wakefield | PICOR is Tucson’s leading independently owned, full-service commercial real estate company. Founded in 1985, Cushman & Wakefield | PICOR offers brokerage, consulting, asset and property management for industrial, office, medical, retail, land and investment properties.
Tucson Industrial Market Review & Outlook
Positive momentum continued its five-year trend in 2018 in the Tucson industrial market, with vacancy improving to 5.7%, cut in half from its highest point in recent years. At year end, vacancy was lowest in the city center at 1.5% and highest in the Southwest/Airport area at 12.8%. Net absorption was 50.4% stronger than in 2017, and thanks to Amazon’s two projects, space under construction has quadrupled year over year. Significantly, Amazon is entering the market with an 850,000 square foot (sf) distribution center under construction in the southeast sector and a new 50,000 sf service center in the southwest.