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Home / Office Market Report

Office Market Report | Trends in Commercial Real Estate

Tucson’s Q1 Office Market Report: Vacancy Tightens as Leasing Demand Builds

Published on May 13, 2026

In Q1 2026, Tucson’s office market posted modest gains, with vacancy declining to 8.9% as leasing activity improved. Approximately 320,000 square feet (sf) was leased, contributing to year-to-date net absorption of 74,655 sf. While vacancy remains above equilibrium……

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