Apartment List is reporting Tucson rents increased over the past month by 0.3% and are up 1.8% year-over-year. Trends in the Tucson rental market, including comparisons to cities throughout the state and nation show Tucson rents increasing over the national average of 1.4%.

Tucson rents increase is moderate over the past month

Currently, median rents in Tucson stand at $715 for a one-bedroom apartment and $950 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in October. Tucson’s year-over-year rent growth lags the state average of 3.5% but exceeds the national average of 1.4%.

Rents rising across cities in Arizona

Throughout the past year, rent increases have been occurring not just in the city of Tucson, but across the entire state. Of the largest 10 cities in Arizona, all of them have seen prices rise. The state as a whole logged rent growth of 3.5% over the past year. Here’s a look at how rents compare across some of the largest cities in the state.

• Looking throughout the state, Gilbert is the most expensive of all Arizona’s major cities, with a median two-bedroom rent of $1,541; of the 10 largest Arizona cities that we have data for, all have seen rents rise year-over-year, with Mesa experiencing the fastest growth (+5.1%).
• Tempe, Chandler, and Gilbert have all experienced year-over-year growth above the state average (4.9%, 4.7%, and 4.5%, respectively).

Tucson rents still more affordable than most other large cities nationwide

As rents have increased slightly in Tucson, a few similar cities nationwide have also seen rents grow modestly. Tucson is still more affordable than most comparable cities across the country.

• Tucson’s median two-bedroom rent of $950 is below the national average of $1,192. Nationwide, rents have grown by 1.4% over the past year compared to the 1.8% increase in Tucson.
• While Tucson’s rents rose slightly over the past year, many cities nationwide also saw increases, including Dallas (+2.2%), Seattle (+1.8%), and DC (+1.6%).
• Renters will find more reasonable prices in Tucson than most other large cities. For example, San Francisco has a median 2BR rent of $3,088, which is more than three times the price in Tucson.

For more information check out Apartment List’s  national report. You can also access the full data for cities and counties across the U.S. at this link.

Hernandez Combines Data Analytics with Cutting-Edge Visual Reporting

Phoenix, Arizona –  Phillip Hernandez has been named Research Manager of Colliers International in Arizona.

Hernandez, who most recently served as an analyst with a top office leasing team at CBRE, brings extensive experience in location analytics, interpretation of complex data sets and utilization of the latest technology to bring research to live in visual presentations.

“Phillip’s work with top-performing markets enabled him to design unique models and high-quality maps that convey the story of real estate in very impressive ways,” says Bob Mulhern, senior managing director with Colliers International in Arizona.  “His expertise, energy and creative talents will benefit our sales teams and our clients in a multitude of ways.  Our market evolves daily and the city is experiencing a dramatic growth trajectory.  Phillip will be instrumental in helping us convey this dynamic expansion to local, regional and national markets.”

As research manager, Hernandez is responsible for proactively developing and implementing research objectives and directing all research activity for the Arizona offices of Colliers.  Focusing on business development, he leverages market intelligence and insights for thought leadership content strategy in support of client engagement.  His goal is to strategically align research and business development efforts, presenting research in an easily digestible format the promotes Colliers’ market share and revenue growth.

Hernandez holds a Bachelor of Science degree in Geography and Urban Studies from Arizona State University.  He also holds a Certificate in Geographic Information Studies (GIS).  Hernandez is an active member of Valley Partnership and ADVOCATES Program.

Phillip Hernandez replaces Tom Brophy, who has joined the Cooke Multifamily Team at Colliers as their director of research and analytics.

PHOENIX, ARIZ. – A bold strategic vision and new board members kick off 2020 for AZCREW.

AZCREW is Metro Phoenix’s premier real estate organization, focused on the advancement and success of women within the commercial real estate industry through leadership, professional relationships, education and excellence. AZCREW is part of the national CREW network.

The 2020 Board of Directors are Terry Martin-Denning, CEO/Designated Broker, NAI Horizon, President; Lindsey Carlson, Colliers International, President elect/programs chair; Heather Fox, CBRE, Treasurer/CREW Foundation chair; Lorna Bannister, KB Home, Secretary/sponsorship chair; Amber Coleman, CBRE, Director/PR/community outreach chair; Dana McDonald, Stewart Title, Director/membership chair; Francine

Moore, Director/special events chair; and Jennifer Cranston, Gallagher & Kennedy, Past President/legacy chair.

“I am excited about the opportunity to serve as President and to work with this great group of leaders,” Martin-Denning said. “I’ve learned a lot this past year under Jennifer Cranston’s leadership. I look forward to furthering the vision of AZCREW in 2020.”

AZCREW’s strategies include maintaining and strengthening the current membership base of more than 200 members, focusing on quality, diversity and member engagement by continuing to offer high quality, relevant programs and events to enhance membership value. AZCREW will continue to support CREW Foundation and its initiatives and promote and communicate AZCREW leadership opportunities.

Some of AZCREW’s 2019 highlights:

• >> AZCREW was selected as the YWCA’s 2019 Tribute to Leadership Women’s Empowerment Corporate honoree. The award recognizes individuals and organizations that have generously given their time and talents to the community. Being chosen is a highly prestigious honor as the organizations chosen as corporate honorees exemplify the very best qualities in an organization: honesty, collaboration, ambition, and empowerment, a commitment to diversity and inclusion and volunteerism.
• >> Every two years, AZCREW selects a charity partner as the beneficiary of its annual AZCREW Golfiesta. New Pathways for Youth is the 2019 and 2020 beneficiary and received a $16,000 donation from AZCREW in 2019.
• >> AZCREW presented a $10,000 scholarship to Arizona State University Master of Real Estate Development (MRED) student Abby Perez. The scholarship was announced at AZCREW’s annual Black & White Affair, held Oct. 30 at Transwestern’s new office at the Esplanade. The event benefits AZCREW’s “MRED Dollars for Scholars” program.

Over the past 9 years, AZCREW has supported MRED students by awarding more than 15 scholarships totaling nearly $50,000. It was the best attended Black & White affair since its inception in 2010 with 140 industry professionals enjoying a beautiful fall evening.