For Star subscribers: Tucson's industrial market is booming, with a vacancy rate of 2.6%.
Gabriela Rico Interest in developing industrial properties in the Tucson area remains strong, albeit with a smaller footprint.
“First, the pandemic increased Tucson’s population as employees worked remotely, and individuals had the chance to choose where they lived,” he said in a recent economic forecast. “The pandemic also resulted in a rise in online purchasing, which led to the need to decentralize the supply chain and replace mega, centralized warehouses with smaller warehouses throughout the country.”
“With low vacancy rates, a national spotlight on Tucson, and a growing diversification of the user base, the city has received an influx of institutional developers interested in participating in the growing market,” he said. “This is an ideal setting for developers, and Tucson’s industrial market is poised for continued growth.”“A record breaking 1.8 million square feet of industrial projects are under construction in Tucson,” according to CBRE research.
“One of the things that we really liked about some of these markets close to the border is we saw the demand and not a lot built,” said Walker Durant, asset manager for Buzz Oates, who was represented in the sale by Stephen Cohen, with Picor.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Star Trek: Picard's LeVar and Mica Burton Want a 'Star Trek: Legacy' Spin-Off SeriesStarTrekPicard's showrunner terrymatalas has been teasing the potential for a StarTrekLegacy spin-off and levarburton and MicaBurton want to see it happen too.
Leer más »
See Courteney Cox Go Full Monica Geller Cleaning Walk of Fame StarsThe 58-year-old 'Friends' star admonished a man for wiping his shoes on her star.
Leer más »
Iconic Tucson youth mariachi group faces financial strugglesAfter the COVID-19 pandemic devastated the mariachi group financially, it hopes the community will step up to help fund instructors, scholarships and more.
Leer más »
LIV Golf ratings fell even more for final round in TucsonLIV Golf has major star power, but not enough buzz to draw a big TV audience to The CW.
Leer más »
Tucson Starbucks workers strike Wednesday'In other states and cities, they're still going off the federal minimum wage which is $7.25 an hour. When you're working 15-20 hours a week, that's not enough to cover any bills,' says one employee. More about the Starbucks workers strike
Leer más »