Tucson – On How the Region is Getting Noticed
Pima County is No. 1 in U.S. for Biggest Gains in Talent Attraction Emsi
Where to Travel Next – 2021 Hot List Conde Nast Traveler.com
5 Unexpectedly Awesome Cities to Visit in the U.S. Esquire.com
Top 25 Cities Most Likely to Attract Gen Z Realtor Magazine
The Chuck Huckelberry Loop Voted No. 1 for Best Recreational Trail USA Today “10 Best Readers’ Choice”
The international labor market data company announced that Pima County has made the biggest gains in the nation in attracting talent to the region – based on an analysis of population and migration data, growth of skilled workers, regional competitiveness and educational attainment. The county jumped from 546 to 91.
Tucson makes the travel magazine’s annual picks of destinations and hotel and industry openings that editors are excited about.
Tucson ranks in the top 5 domestic cities to travel this year, according to the national men’s magazine.
Tucson ranks in the top 25 U.S. cities to attract those born between 1997 and 2012, based on living conditions and job prospects, according to the official magazine of the National Association of Realtors.
The internationally distributed newspaper names The Loop the best recreational trail in the United States, as voted by readers.
Tucson Among Top 10 Commercial Tucson has been named one of the top 10 commercial real estate markets for 2021, according to the National Association of Realtors. “The top commercial real estate markets that are expected to outperform the rest of the nation are generally affordable and able to draw new residents with a greater flexibility to work from home,” said NAR Chief Economist Lawrence Yun. “These growing markets also offer much lower office and retail rents and are, therefore, able to attract new and expanding businesses.” In selecting the top 10 markets, NAR considered 25 indicators on an area’s economic, demographic, housing and commercial market conditions in the 136 BizTucson
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multifamily, office, industrial, retail and hotel property sectors. Some of the indicators included GDP growth, unemployment rate, median household income, consumer spending, number of business openings, population growth, homeownership rate, rental vacancy rate, building permits and apartment rent, among other variables. NAR unveiled the top commercial markets during its first-ever Commercial Real Estate Forecast Summit earlier this year, which featured a panel of leading economists who discussed the pandemic’s impact on commercial real estate, including the multifamily, office, retail and industrial sectors as well as real estate investment trusts, or REITs.
“A recovering economy and the near certain job growth will steadily lead to the absorption of commercial properties,” Yun said. “The apartment rentals market could once again experience very low vacancy rates by year’s end.” Calvin Schnure, Nareit’s senior VP of research and economic analysis, said that REITs have performed well overall in spite of COVID-19, although some variance exists depending on the market segment. “The impact of the pandemic on commercial real estate varies widely across property types,” Schnure said. “REITs have been resilient due to their strong balance sheets and liquidity and solid operating fundamentals when the www.BizTucson.com
