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Home / supply and demand

PICOR Connect | Trends in Commercial Real Estate

Q1 MultiFamily Report Reveals Slower Leasing, Rent Adjustments, and Market Competitiveness

Last updated on May 31st 2023

Tucson’s average vacancy rate increased by 0.03% to 7.49% in Q1 2023, representing a 2.64% decrease year-over-year. The Tucson market’s leasing activity slowed as the new year turned, but towards the end of the first quarter picked back up velocity. The average gross apartment rent without utilities increased by $7 (.61%) from Q4 2022 to $1,164 per unit/$1.53 per square foot (sf). Of completed[…]

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Tucson's Industrial Vacancy Rate Hit Record Low in Quarter 3

Last updated on November 2nd 2022
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