PICOR Connect | Trends in Commercial Real Estate

Tucson Multifamily Update: TREND Report

Posted on Wed, Sep 02, 2020

Amid the COVID-19 pandemic, more than 11,000 businesses in Arizona and 1,300 in Tucson received economic relief from the federal government. While Arizona posted one of the sharpest unemployment drops in the country in May, it increased in June from 9% to 10%. On a positive note, The University of Arizona reopened with a mixture of online and in-person classes on August 24th, and LendingTree.com named Tucson the number one searched market for “homes for sale” during the pandemic in the U.S.

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Topics: Tucson, Investment property, Apartments, Multifamily