In Q3, Tucson’s retail market remained balanced amid cautious optimism, with vacancy rising slightly to 6.0% due to larger store closures. Tucson’s retail sector was defined by……
Retail vacancy rose to 6.0% in Q2 2025, up from 5.3%, due to several large-store closures. While elevated, the rate aligns with……
Tucson’s retail sector shows stability, maintaining a 5.3% vacancy rate. National consumer spending grew 3.0% in Q1 2025, with the food, beverage, and entertainment sectors remaining strong. Lease rates continue to rise for premium properties and……
Tucson’s industrial market exhibited stability in Q1 2025, with vacancy slightly increasing to 5.7%. This rise is attributed to an uptick in……
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…
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