The Tucson retail market in Q3 continued to exhibit signs of stability, with the vacancy rate remaining unchanged at 5.6%. Amid consistent occupancy reflecting steady market conditions, nine out of 13 submarkets experienced positive absorption during the quarter, indicating healthy demand for retail space.
PICOR Connect | Trends in Commercial Real Estate
The Tucson retail commercial real estate market in Q2 showed steady signs of improvement, with continued absorption of 270,000 square feet (sf) over the past 12 months causing a decrease in the overall vacancy rate from 6.2% one year ago to the current 5.6%. This positive trend surpasses the previous 5-year annual average of 230,000 sf of positive absorption, indicating progress. However, local[…]
Cushman & Wakefield | PICOR is expanding its presence in downtown Tucson by securing three new lease listings that will serve both office and retail-oriented businesses.
Bed Bath & Beyond, once a prominent player in the big box retail sector, has filed for bankruptcy, after a culmination of missteps and missed opportunities over the past decade.
The quest for the ideal business location in Tucson or Southern Arizona is a pivotal journey, one that requires an adept navigator – a Commercial Real Estate (CRE) advisor or broker. Just as every successful voyage calls for a competent captain, every business relocation or expansion necessitates the expertise of a dedicated Tucson commercial real estate partner. Let's delve into the reasons why[…]
The Tucson retail commercial real estate market in Q1 2023 showed positive signs. The vacancy rate dropped from 6.2% at the end of 2022 to 5.9% at the end of Q1. Ten of the 13 submarkets experienced positive absorption during the last quarter, indicating continued demand for retail space.
The Trend Report, April 2023 Edition
In the age of digital technology, the waypeople shop has changed significantly. Online shopping has grown increasingly popular, and many people prefer to shop from the comfort of their own homes rather than in person.
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.
Rio Nuevo Guest Post by Fletcher McCusker