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interest rates | Trends in Commercial Real Estate

Tucson’s Industrial Market: Steady as She Goes While the Nation Hits the Brakes

Published on May 7, 2025

If you’ve ever watched a seasoned desert hiker pick their way through a rocky wash, you know the trick: keep your eyes up, move with purpose, and don’t panic when the trail gets rough. That’s Tucson’s industrial market in Q1 2025—…

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Tucson’s Q1 Office Market Report: Healthcare Demand Continues to Drive Stability

Published on April 30, 2025

In Q1 2025, Tucson’s office market experienced a slight uptick in vacancy, reaching 10.3%, indicating a modest but persistent upward trend. The availability of space is further influenced by 320,000 sf (square feet) of sublease space, reflecting……

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Tucson’s Q4 Retail Market Report: Experiencing Growth in Spite of Big Box Closures

Published on February 7, 2025

The Tucson retail market experienced a slight uptick in vacancy, reaching 5.8% in Q4 due to the closure of Big Lots and 99 Cent Only stores. Class A properties continue to command historically high lease rates, with rents in the mid $40.00 per square foot (sf) triple-net (NNN) range common for new construction and projected to rise further in the coming year….

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Tucson’s Q3 Retail Market Report: Stability Despite Store Closures

Published on December 11, 2024

To read the full report on Tucson’s retail activity in Q3, click here. The Tucson retail market remained stable in…

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Tucson Q1 Multifamily Market Report: Progress Amidst Vacancy Uptick

Published on May 8, 2024

To read the full report on Tucson’s multifamily activity in Q1, click here. Tucson’s apartment vacancy increased to 8.23% in…

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Tucson’s Multi-Family Resilience: A Detailed Look at Q4 2023

Published on January 31, 2024

To read the full report on Tucson’s Multi-Family activity in Q4, click here. Tucson’s apartment vacancy increased to 8.16% in…

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