November 17, 2024 1:51 am
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Industrial real estate picking up, could take off by 2015

CBRE bought the old Texas Instruments campus on South Tucson Boulevard / CBRE photo
CBRE bought the old Texas Instruments campus on South Tucson Boulevard / CBRE photo

By Mark B. Evans | Inside Tucson Business

The industrial commercial real estate market in Tucson for 2014 is expected to be much like 2013 – slow.

But that’s the overall picture, taking the bird’s eye view of all industrial properties, big and small, and combining them into one vacancy rate, which CRE brokers say is between 10 and 11 percent.

But all the industrial news isn’t slow news.

There were some large properties that moved last year including an 116,840 square-foot deal by Global Solar Energy Inc. at 8500 S. Rita Road, and Excelsior Super Foods re-lease of 112,000 square feet of the 140,000 square-foot space Solon Industries vacated at 6950 S. Country Club Road, according to Chuck Blacher of Tucson Realty and Trust.

Continued: 

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