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 Q4 Retail Market Report: Experiencing Growth in Spite of Big Box Closures
Published on February 7, 2025
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 Q2 Retail Market: Repurposing Inventory to Meet Modern Demands
Published on July 26, 2024
During Q2 2024, the Tucson retail market maintained stability with a 5.7% vacancy rate and positive absorption of 52,500 square feet (sf) over the past 12 months…
Tucson Q1 Retail Market Report: Consumer-Driven Resilience
Published on May 1, 2024
To read the full report on Tucson’s retail activity in Q1, click here. In Q1 2024, the Tucson retail market…
Tucson Q4 Retail: Consumer Spending, Employment Growth, & Expansions – Including Bass Pro Shop
Published on February 7, 2024
To read the full report on Tucson’s Retail activity in Q4, click here. The Tucson retail market in Q4 continued…
