Tucson’s apartment vacancy rate held steady at 8.4% in Q4 2024, exceeding the previous year’s average of 6.54%. The Northeast submarket maintained the lowest vacancy at 6.34%, while Tucson Mountain Foothills reached 10.18%….
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….
Tucson’s industrial market remains balanced with stable demand primarily driven by the market’s affordability. The vacancy rate ticked up nominally from 5.2% in Q3 to 5.4%, largely due to new speculative deliveries and the time required to absorb this new product….
In Q4 2024, Tucson’s office market showed stability, maintaining a 10.2% vacancy rate….
To read the full report on Tucson’s office activity in Q3, click here. In Q3 2024, Tucson’s office market…
Recently, Cushman & Wakefield | PICOR facilitated the sale of Sunnyslope Apartments in Oro Valley. The transaction was managed by…
To read the full report on Tucson’s retail activity in Q1, click here. In Q1 2024, the Tucson retail market…
To read the full report on Tucson’s industrial activity in Q1, click here. In Q1, Tucson’s industrial sector continued to…
To read the full report on Tucson’s Retail activity in Q4, click here. The Tucson retail market in Q4 continued…
Discover Cushman & Wakefield | PICOR’s latest industrial sales totaling $3.7 Million in Northwest Tucson….
Commercial Real Estate Services
5151 E. Broadway, Suite 115 Tucson, AZ 85711
© Copyright PICOR 2019 | A Member of the Cushman & Wakefield Alliance.
Website by Caliber Group