INDUSTRIAL MARKET OVERVIEW Chuck Blacher Industrial Specialist The Industrial Market in Tucson seems to be on its own flight path. It certainly hasn’t taken off with the National economy or some of the markets here in the United States. Our Industrial vacancy rate in Tucson at the end of the first quarter hovered around…Read More→
Year End CRE Industrial Overview
INDUSTRIAL OVERVIEW Chuck Blacher Industrial Specialist The snapshot of the U.S. economy in 2016 showed continued slow to moderate growth (1.6 percent GDP), a solid housing recovery and a nascent rebound for business investment. Existing home sales have been on a tear lately rising for several months, most probably due to steady job growth and…Read More→
Industrial Market Overview 2016
INDUSTRIAL OVERVIEW Chuck Blacher Industrial Specialist January 28, 2016 The over abundance of crude oil is destabilizing markets and countries around the globe. The one product that is so vital to our economy which you would think in over supply would have positive effects to our economy is doing just the opposite. Demand for U.S….Read More→
Terry Lavery Weighs in on Tucson’s Logistics Potential
Terry Lavery, of Tucson Realty & Trust Co., weighs in on Tucson’s logistics potential from the Arizona Daily Star by Gabriela Rico National companies Eyeing Tucson’s Logistics Potential The industrial market in Tucson is getting new attention from distribution companies that once snubbed the Old Pueblo for locations in California, Nevada and Texas. Hovering at around…Read More→
Industrial Market Overview
INDUSTRIAL OVERVIEW By: Chuck Blacher, Industrial Specialist Industrial vacancy rates of 10.1 percent and 11.6 percent for Tucson and Phoenix are among the highest in the nation. Cities back East like Providence, Rhode Island, whose entire economy was fueled by the manufacture of costume jewelry, which is nonexistent now due to imports, is at 8.1 percent…Read More→
Industrial Market Report 2015
Industrial Market Report Chuck Blacher Industrial Specialist January 29, 2015 The Industrial Market and Job growth in Tucson are just struggling along. Anything faster would require a trip to the emergency room, or better yet, to Urgent Care (we’ve got plenty of those around now if you’ve noticed.) While improvement at the national level is…Read More→
Chuck Blacher presents Industrial Market Report
INDUSTRIAL OVERVIEW Chuck Blacher Industrial Specialist Tucson’s Industrial real estate is greatly influenced by the residential homebuilding market. Thus, warehouses and contractor yards normally occupied by the building trades will struggle to find tenants until home building locally improves – a challenge, to say the least, for several reasons: 1. The past brutal winter in…Read More→