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……
Half a Century Strong: 5151 E Broadway Sees Leasing Spike at 50-Year Mark This Year
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……
UHS Buys Palo Verde Behavioral Health on TMC Campus for $19 Million
A significant transaction during Q4 2024 was of Palo Verde Behavioral Health Campus, a 76,770 square-foot (SF) behavioral health hospital…
‘Desert Colossus’, Arizona’s Tallest Mural, at the Transamerica Building
Downtown Tucson, known for its vibrant art and culture, continues to grow and evolve. Well-known Tucson muralist, Joe Pagac,…
C&W | PICOR Excels in 2024 CoStar Power Broker Awards
Since CoStar began tracking the Tucson commercial real estate market in 2005, they annually recognize top-performing brokers and firms in…
Tucson’s Q3 Office Market Report: Medical Sector Dominates with a Bright Lending Outlook
To read the full report on Tucson’s office activity in Q3, click here. In Q3 2024, Tucson’s office market…
Broker Buzz: Get to Know Bobby Verenna
Get to know Bobby Verenna, Cushman & Wakefield | PICOR’s newest addition to our office brokerage team. With 18 years…
What’s Happening in the Tucson Office Market?
By Rick Kleiner The Trend Report, October 2024 Edition As we consider the state of the Tucson office market, I’m reminded…
Tucson’s Q2 Office Market: Stability, Medical Demand, and Strategic Conversions
The vacancy rate in Tucson’s office market remained relatively stable, with a slight increase to 10.5% during Q2 2024….
Guest Post: 5151 E. Broadway Opens Executive Suites and Unveils New Fitness Facility
Guest Post: Real Estate Daily News 5151 E. Broadway, Tucson’s largest commercial office building, announces Tower 5151 Executive Suites, from one…