Max Fisher, Tucson's Commercial Real Estate Agent
  • Home
  • Listings
  • About
  • Move Your Business to Tucson
  • Manufacturing
  • Third Party Logistics
  • Contact
  • Blog
  • What is My Property Worth?
  • Distribution and Warehousing
Picture

Blog

    Enter your email in below to receive the Industrialtucson.com newsletter

Subscribe to Newsletter

Tucson Manufacturing Update

3/20/2018

0 Comments

 
Manufacturing

Mining, aerospace and Defense manufacturing continues to prosper and grow in the Tucson market. Another quarter of positive net absorption (131,500 SF) resulted in a 6.8% vacancy rate, under 7.0% for the first time since Q2 in 2008.This represents a full percentage point improvement year over year.

166,954 SF of manufacturing space was absorbed in 2017. The strongest submarkets in Tucson are the northwest and Downtown markets. As the Downtown and Northwest markets have around 3% vacancy we will watch as demand grows further north into Marana with new construction and further south towards Tucson International Airport and Vail, effectively filling already vacant buildings to the South and East. 

Side Notes: Reports say  the recent closure of Rockwell Collins, formerly B.E. Aerospace was closed in efforts to centralize operations after the recent acquisition.

Prediction: Manufacturing will continue to grow in 2018 and the vacancy rate will drop another point by the end of the year. Defense manufacturing, mining, plus expansion, and housing market growth, will be the two main drivers behind Tucson's manufacturing growth. Lease rates and values are expected to climb at a steady rate in 2018.

Most recent manufacturing deals done by Max Fisher:
Manumach Incorporated 
Arizona Powder Supply Incorporated 
Dynamic Manufacturing
Wetmore EDM Systems

Most recent manufacturing deal rates ranged between $0.55/SF/Mo MG - $0.72/SF/Mo MG
Picture
Picture
Picture
0 Comments



Leave a Reply.

    Author

    Max Fisher, Industrial Properties Broker

    Archives

    January 2023
    November 2022
    August 2022
    July 2022
    May 2022
    April 2022
    November 2021
    September 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    October 2018
    September 2018
    August 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017

    Categories

    All

    RSS Feed

Proudly powered by Weebly
  • Home
  • Listings
  • About
  • Move Your Business to Tucson
  • Manufacturing
  • Third Party Logistics
  • Contact
  • Blog
  • What is My Property Worth?
  • Distribution and Warehousing