Office space available at 5717 E. Broadway Boulevard
Wednesday, August 31, 2011
Wednesday, August 24, 2011
Monday, August 22, 2011
INDUSTRIAL INSIGHT
National Logistics Market
The national logistics market totals about 3 billion square feet and represents 25 percent of total industrial space tracked by Grubb & Ellis. Over the past 10 years, logistics has emerged as the institutional industrial space with the lowest cap rates, highest new deliveries and greatest net absorption among all industrial subtypes. Since 2005, this sector accounted for nearly 60 percent of all completions and 55 percent of total demand. Since the recession, logistics’ market share improved. While the national industrial market still has 44 million square feet to absorb before the prior peak of total occupied square feet is reached, logistics is already 52 million square feet in the black. Total market share for new completions also rose, totaling 74 percent over the past four quarters. Second Quarter Highlights
• Vacancy declined 60 basis points to 11.8 percent
• Demand totaled 18 million square feet, 59 percent of total
• New supply totaled 2.3 million square feet, 68 percent of total
• Rents were up 0.7 percent year-to-date and down just 0.6 percent year-over-year, the lowest annual decline since the beginning of the recession
Source: Grubb & Ellis Research
NEW LISTING
For Sale - 6 Bay Self Serve Car Wash
8033 E. Escalante
Other Car Wash Properties Available:
Wednesday, August 17, 2011
Industrial Trends Report - Mid Year 2011
Market Stabilizes As The Return of Demand Still In Question
Read more in the Mid Year Industrial Trends Report:
Southern Arizona’s Sci-Tech Engine Gets Boost from UARC
Bob Davis • published in the July 2011 issue
Southern Arizona, with Tucson as its core, is an emerging dynamo of science discovery and technology-focused, especially bio- and solar-based, enterprise. But whether the region begins to takeoff as an entrepreneurial generator or to once again fizzle from overheated good intention is still to be decided. And so, the region is on the precipice of serious stagnation or exciting expansion.What could make the difference between regional success and failure are the current activities and outcome for the initiative with the current name University of Arizona Research Corporation (UARC). It’s important to note that UARC is not just another attempt to fix the evidence of UA’s technology transfer to entrepreneurial based, as opposed to institutionally based, projects. Entrepreneurial projects and small businesses are like having the proverbial One Thousand Flowers Bloom—more companies with more jobs and a better economy for the entire region.
Entrepreneurial business for this science-technology-innovation sector depends for its advance not just on new knowledge for its contribution to the emerging economies of the region. Such business is also dependent on companies servicing these enterprises—banking and lending, personal and casualty insurance, commercial and business real estate, intellectual property and general business legal, but also personal services that make our region a vibrant and enjoyable place to live.
Significantly, new supply chain services will undoubtedly emerge, such as those seen with the arrival in the region of the internationally positioned, bio-based and solar-industry companies. All of these will be influenced by the outcome of the UARC initiative.
The prospect of streamlining commercialization of science applications and technologies, especially in bio-based enterprise and those developed at and with the University of Arizona, has those focused on economic development and global innovation in the region very excited and hopeful. These outcomes of the UARC initiative are likely to accelerate knowledge-based enterprise with consequence for all in the region.
UARC has broad and deep support, with recommendations from a range of specialty experts and consultants. The regional community should soon have the information to judge about the UARC initiative’s potential to be presented by a broadly-based committee comprised of a team of UA, technology, and business leaders led by the UA’s Dr. Leslie Tolbert. The recommendations of that team are in final preparation to UA leadership for presentation to the Arizona Board of Regents for its approval.
Also in preparation is a survey of regional investment, finance, insurance, real estate, and legal service businesses and activity, which is likely to reveal telling indicators. Questions posed by this private sector-sponsored survey include: looks at angel, venture, and grant investment activity level s, currently and compared with other time periods; and the levels of activity in the preparation of patents, copyrights and other intellectual property. In commercial real estate we have seen new, incoming projects of significance as well as expansion- relocations of current users, with the attendant increase of business for funders and other service providers, such as building services.
http://trendreportaz.com/
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