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Office | Trends in Commercial Real Estate

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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Half a Century Strong: 5151 E Broadway Sees Leasing Spike at 50-Year Mark This Year

Published on April 23, 2025

5151 E. Broadway Tower, Tucson’s largest commercial office building, announces unprecedented activity with an acceleration in new leases of 61,627 SF plus 18,044 SF in renewals. Since the 4th quarter of last year, the uptick in interest spans across multiple categories from……

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UHS Buys Palo Verde Behavioral Health on TMC Campus for $19 Million

Published on March 24, 2025

A significant transaction during Q4 2024 was of Palo Verde Behavioral Health Campus, a 76,770 square-foot (SF) behavioral health hospital…

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‘Desert Colossus’, Arizona’s Tallest Mural, at the Transamerica Building

Published on March 12, 2025

  Downtown Tucson, known for its vibrant art and culture, continues to grow and evolve. Well-known Tucson muralist, Joe Pagac,…

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C&W | PICOR Excels in 2024 CoStar Power Broker Awards

Published on March 6, 2025

Since CoStar began tracking the Tucson commercial real estate market in 2005, they annually recognize top-performing brokers and firms in…

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Tucson’s Q3 Office Market Report: Medical Sector Dominates with a Bright Lending Outlook

Published on November 13, 2024

To read the full report on Tucson’s office activity in Q3, click here.   In Q3 2024, Tucson’s office market…

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Broker Buzz: Get to Know Bobby Verenna

Published on October 30, 2024

Get to know Bobby Verenna, Cushman & Wakefield | PICOR’s newest addition to our office brokerage team. With 18 years…

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What’s Happening in the Tucson Office Market?

Published on October 9, 2024

By Rick Kleiner The Trend Report, October 2024 Edition As we consider the state of the Tucson office market, I’m reminded…

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Tucson’s Q2 Office Market: Stability, Medical Demand, and Strategic Conversions

Published on July 10, 2024

The vacancy rate in Tucson’s office market remained relatively stable, with a slight increase to 10.5% during Q2 2024….

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Guest Post: 5151 E. Broadway Opens Executive Suites and Unveils New Fitness Facility

Published on June 12, 2024

Guest Post: Real Estate Daily News 5151 E. Broadway, Tucson’s largest commercial office building, announces Tower 5151 Executive Suites, from one…

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