Arizona Real Estate Land by gsb91987

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Arizona Real Estate Land document sample

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									Metropolitan Tucson Land
       Use Study
     First Quarter 2006
           Prepared for
    Pima County Real Estate
     Research Council, Inc.
               by
   The University of Arizona
Office of Economic Development
          May 16, 2006
         Multifamily Vacancy Rates: 1997- 2006
                          14


                          12


                          10
         Percent Vacant




                           8


                           6


                           4


                           2


                           0
                               12 341 2341 2341 234 1234 1234 123 4123 4123 412 34

                               1997   1998   1999   2000   2001   2002   2003     2004     2005      2006

Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
         Apartment Vacancy Rates:
         1st Quarter 2002-2006
                         Size                    2002        2003        2004        2005       2006

            10 to 39 units                        6.4         7.1         8.2         7.3         7.2

            40 or more units                      8.5         9.0         9.2         7.5         6.2

            40 to 99 units                        7.6         7.9        10.6         8.6         8.6

            100 to 249 units                      8.4         8.9         9.2         7.5         5.4

            250 or more units                     8.9         9.6         8.6         7.1         6.1

            10 or more units                      8.3         8.9         9.1         7.5         6.3


Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
                     Vacant Multifamily Units:
                     1st Quarter 2003 - 2006
                                 8587              8851
                9000
                8000                                                 7333
                7000                                                                   6227

                6000
                5000
                4000
                3000
                2000
                1000
                      0
                           1st Q 03          1st Q 04         1st Q 05          1st Q 06

Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
     Multifamily Vacancy Rates 1st Quarter 2006




                 < 4.00

                 4.00 – 5.00

                 5.01 – 6.00

                 6.01 – 7.00

                 > 7.00




                                                                    TUCSON

                                                              N     URBANIZED
                                                                    AREA

Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
          1st Quarter Residential Permits:
          2003 - 2006
                                                        96
            3000
                                                                     116
            2500                          76
                             62
            2000
                                                      2612
            1500                                                                     Townhomes
                                                                    2452
                                        2027                                         Single Family
            1000          1792                                                       Multifamily

              500
                                        103           255            84
                  0        58
                        2003          2004          2005         2006

                       [1,912]      [2,206]       [2,963]       [2,742]

Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
 Single Family Detached Permits Issued: 1st Quarter 2006




                 < 25

                 25 - 100

                 101 - 200

                 201 - 400

                 > 400




                                                                 TUCSON
                                                           N     URBANIZED
                                                                 AREA


Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
          Office Space Inventory: 1st Quarter 2006
                           Total = 14.51 Million Square Feet




                                                                  1.11
                   4.56




                                                                                   8.84



                                 Vacant        Leased         Owner Occupied
Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
         Total Office Space Inventory:
         1st Quarter 2006
          Number of Complexes                                                          552

          Total Square Footage                                                    14,510,673

          Owner Occupied Space                                                     4,555,949

          Leasable Space                                                           9,954,724

          Vacant Leasable Space                                                    1,114,604

          Percent Vacant of Leasable Space                                           11.2%

          Percent Vacant of Total Space                                               7.7%


Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
                         Leasable Office Space Vacancy
                    18
                    16
                    14
 Percent Leasable




                    12
                    10
                     8
                     6
                     4
                     2
                     0
                          1   3   1   3   1   3    1     3     1     3     1     3     1     3     1     3

                          1999    2000    2001     2002        2003        2004        2005        2006


Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
                  Office Space Absorption (in square feet)
                 500,000

                 400,000

                 300,000
   Square Feet




                 200,000                                                                          Leasable
                 100,000                                                                          Ow ner Occupied

                       0

                 -100,000

                 -200,000
                            1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3

                            1999   2000   2001   2002   2003    2004     2005    2006
Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
      Office Vacancy Rates, 1st Quarter 2006




                 0

                 0.1 – 8.0

                 8.1 – 15.0

                 15.1 – 20.0

                 > 20.0




                                                                 TUCSON
                                                           N     URBANIZED
                                                                 AREA

Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
               Industrial and Warehousing Space
               Inventory: 1st Quarter 2006
                      Total = 39.61 Million Square Feet

                                                                 2.92



            22.00                                                                             14.68



                            Vacant           Leased             Owner Occupied
Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
         Total Industrial Space Inventory
         1 st Quarter 2006


         Number of Complexes                                                            1,116

         Total Square Footage                                                       39,607,285

         Owner Occupied Space                                                       22,004,364

         Leasable Space                                                             17,602,921

         Vacant Leasable Space                                                       2,921,146

         Percent Vacant of Leasable Space                                              16.6%

         Percent Vacant of Total Space                                                  7.4%


Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
         Leasable Industrial Space Vacancy
                                                   (in percents)


                          25
       Per cent vacancy




                          20

                          15
                          10

                           5

                           0
                               1   3   1   3   1   3   1     3     1     3     1     3    1     3        1   3

                               1999    2000    2001    2002        2003        2004       2005           2006


Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
                  Industrial Space Absorption
                                               (in square feet)

    800,000

    600,000

    400,000

    200,000                                                                                  Leasable
             0                                                                               Ow ner Occupied

   -200,000

   -400,000

   -600,000
                  1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3

                 1999 2000 2001 2002 2003 2004 2005 2006
Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
 Industrial Vacancy Rates, 1st Quarter 2006




                 0

                 0.1 – 8.0

                 8.1 – 16.0

                 16.1 – 24.0

                 > 24.0




                                                                 TUCSON

                                                           N     URBANIZED
                                                                 AREA



Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.
           Office and Industrial Space Under
           Construction
                                                                                                 1,075,293
 1,100,000
 1,000,000                                                                  840,093
   900,000
   800,000
   700,000                                          577,071 626,561                   569,604
   600,000                   414,126 382,519
   500,000       314,855
   400,000
   300,000
   200,000
   100,000
         0
                3rd Quarter             1st Quarter            3rd Quarter            1st Quarter
                   2004                    2005                   2005                   2006

                                                   Office       Industrial

Source: The University of Arizona, Office of Economic Development, Metropolitan Tucson Land Use Study.

								
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