AZ Daily Star Guest Post by Gabriela Rico
Older office buildings across Tucson could soon start disappearing as vacancy rates remain high and owners struggle to find new tenants. The exodus from traditional offices that began with the pandemic is ongoing and many employers have either embraced hybrid work schedules or turned out the lights for good.
As the Tucson office market continues to recover from the pandemic, owners are finding innovative ways to repurpose excess space. With widespread adoption of remote work and a tight labor market, many large office properties stand vacant. According to the Arizona Daily Star, users are converting these spaces to grow houses, pickleball courts, storage facilities, and industrial space.
Cushman & Wakefield | PICOR recently sold a2,112-square-foot retail buildingin central west Tucson whereRob Tomlinson and Greg Furrier, Principals and Retail Specialists, represented the seller in the transaction.