Russell W. Hall, SIOR
Square Foot Magazine (March/April 2008)
The PICOR Industrial Marketing Group has completed its 2007 Industrial Market Study and, again occupancies have improved with continued absorption and lowering of vacancies market wide. Per the PICOR Study (see Historical Occupancy Chart), the occupancy status market wide has improved to 94.9%, its highest occupancy status by far in the history of the Study. The Study, prepared personally by PICOR Industrial Brokers, tracks activities within Tucson’s industrial parks and larger properties, and excludes much of the owner/user inventory. The PICOR Study tracks 16,307,000 square feet of a total market size in the 40,000,000 square foot range.

Absorption continues...

Despite a relatively small amount of available space, 390,996 square feet of space was absorbed during the year. The primary contributors to this absorption were the following:

- Solon America, a solar production company in Germany, leased a former IBM building of 100,000 square feet adjacent to the Airport... Read Full Article

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