Commercial Real Estate Apartment Brokers - Tucson

Overview of Tucson Commercial Real Estate Apartments Investment

Various economic indicators, including job and population growth, position Tucson for sustained growth in the interest of commercial real estate investors. Tucson is poised to continue the growth seen in the Southwest over the last year. Tucson promises to be a strong commercial real estate investment market in upcoming years.

Whether you’re buying or selling commercial real estate in Tucson, choosing the right broker is the most important decision you can make. Because we specialize in commercial real estate investment, we help you avoid the pitfalls and other difficulties you may face with the wrong broker or on your own. Experience the difference in apartment brokerage with the quality of service you deserve.

Investing in Commercial Real Estate Apartments in Tucson, AZ

Investors from all over the country are buying nearly every available multifamily property in Tucson. The multifamily market is continuing to be the most active sector of the Tucson commercial real estate market for several reasons, including higher absorption than other areas of the country. With vacancies near historic lows at about 6.5 percent, an 800-unit absorption over this period last year, low interest rates continuing, and rising rents, it is no wonder why this sector of commercial real estate investment has out-performed the other sectors in Tucson.

2018 began with an acceleration in Tucson's commercial real estate investment activity, with the number of multifamily properties changing hands more than doubling the total from the fourth quarter of last year. This marked the most active first quarter in more than a decade in Tucson, with the bulk of the transactions occurring in the 1 - 5 million dollar range. More properties traded in the first quarter of 2018 than in any first quarter in more than a decade.

Trends Affecting Tucson Commercial Real Estate Investment in Multifamily Apartments

The outlook for the Tucson multifamily market is favorable for commercial real estate investors. Operating conditions have improved in recent years despite only a modest pace of employment growth. In recent years, several large companies such as Comcast, Caterpillar, Raytheon, and ADP have announced expansion plans. These companies are adding thousands of jobs over a few years, and the latest announcement from Amazon to add 1,500 positions only brightens the outlook in the years ahead for Tucson commercial real estate investment.

Tucson continues to be popular for commercial real estate investors who like to buy apartment and condo complexes for their monthly income. Several syndication groups have entered the market looking to build large communities over the next few years. Experts say that Tucson remains one of the more attractive investment targets due to the increase in quality employment and higher cap rates on multifamily sales. Multifamily complexes continue to be developed in downtown Tucson and University of Arizona areas. These submarkets have sustained commercial real estate investment over the last several years, with buyers capitalizing on this trend.

Commercial Real Estate Investment in Tucson Multifamily Apartments

Several commercial real estate investors have entered the Tucson multifamily market from primary and secondary markets. These investors are bullish on bringing capital to Tucson because of higher cap rates and favorable debt placement leading to greater cash on cash returns. Tucson commercial real estate investors can achieve up to 80% LTV at rates below 5%. They're also bullish on the steady influx of new businesses and job growth.

Demand for multifamily units in Tucson is forecast to strengthen, especially given recent mass hiring by major corporations. The hospitality sector has added more than 3,000 jobs in the past year. Workers in this industry tend to favor rental housing, proving favorable for commercial real estate investors in multifamily properties. The recent cap rate compression in nearby markets is likely to bring commercial real estate investors to Tucson in search of higher yields. Given the strengthening local economy, stable occupancies, and above-average rent growth, commercial real estate investors will find Tucson to be an attractive market.

Tucson Commercial Real Estate Apartments Investment Expertise

Joseph Bernard specializes in multifamily apartment investment, with extensive experience serving Tucson commercial real estate investors. We provide up-to-date research, contract negotiations, deal structuring, and due diligence. You won't find brokers who know more about commercial real estate investment in Tucson than Joseph Bernard.

We provide a thorough analysis of your Tucson multifamily apartment investment to help you understand the Tucson commercial real estate market value. This will enable you to move, hold, or disburse your equity into other commercial real estate investments wisely at opportune times.

"Especially towards the end of transaction, Joe's tenaciousness and communication with all parties helped to finally secure a closing. We really appreciate his extra efforts which were instrumental in bringing together those that were less than professional. Thank you for making this difficult transaction a success!" ~ Mike & Heidi S.

"5-star, very impressed! I learned a lot." ~ Elizabeth D.

"Phil worked hard and did everything the way I like it done. He is very focused and, unlike many brokers, is willing to work. He set up everything and was very good to work with and I have worked with many brokers." ~ Joseph T.

"Top level service!!" ~ Jim K.

"They were on top of the process and got the right buyer quickly." ~ Jason H.

"Phil was awesome!" ~ Ryan L.

"Joseph Chaplik did an excellent job finding a buyer and completing the sale in a timely manner." ~ Richard D.

"Excellent service. Professional and confident." ~ Cindy M.

"Bernie was fantastic all the way through the buying process. Thank you for all of the help and for walking me through each step." ~ Don B.

"They answered all my questions and were extremely helpful and supportive through the whole process." ~ Joe N.

"We'll be back in the future and will recommend you to others." ~ Peter & Linda A.

"Fantastic process, would use again." ~ Grant B.

"Bernie has been very good for us, finding us just the right properties, and doing a fantastic job selling our properties." ~ Kelly F.

"Completely satisfied with your services." ~ Diane P.

"I really enjoyed working with Michael and if in the market in the future, I would call Michael first." ~ Mike M.

"Great company - great service." ~ Debby N.

"Hunter Brookshier could not have done a better job for me. He is knowledgeable, prompt, responsive, unflappable, and kind. He navigated the rigid 1031 Exchange deadlines of my purchase with aplomb. Working with Hunter could not have been a more positive experience, he is a true professional and an absolute pleasure to work with." ~ Lisa B.

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