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Tucson Office Market: In Flux or Flexing?

In Q2, Tucson’s post-pandemic office market began to re-center itself, as vaccinations became more widespread, and employers planned their return to office strategies. Vacancy rose to 9.5%, with an expectation it will approach 10.0% by year… […]

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Tucson Industrial Market Sees Soaring Demand

In Q2 2021, Tucson industrial and flex space of all types remained the darling during tumultuous pandemic times and for the foreseeable future. E-commerce and expanded consumer buying power drove logistics and fulfillment demand and a 5.5% … […]

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Tucson Multifamily Market Sizzles Mid-Year

For investors looking for investments $20 million and under, Tucson ranked number 4 on the list of small/middle sized markets. A larger driver of the demand for multifamily in Tucson is the attractive year-over-year (YOY) average rent growt… […]

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An Active Tucson Retail Market at Mid-Year

Tucson’s Q2 retail vacancy held steady at 6.2% amid a resurgence in demand for consumer goods, entertainment, and travel as vaccine availability and guidance opened the door for spending like it’s 2019. Summer midweek waitlists at restauran… […]

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State of the Tucson Office Market

The Tucson office market had a strong showing to finish 2020, with 162,000 square feet (sf) of office space coming off the market during the fourth quarter. Quarterly absorption contracted to negative 19,000 sf from the previous quarter’s n… […]

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Tucson Multifamily Shines in Turbulent Times

With new COVID-19 relief bills making their way through Congress, Arizona businesses are expected to receive additional economic relief in the following months. Arizona’s unemployment has risen from 5.9% in August to 7.8% in November largel… […]

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Retail Real Estate: Rattled Yet Resilient

As in most markets in the United States, the Tucson retail real estate market strained in the third quarter to adapt to the realities of COVID-19 era business. Some large format retailers already pressured by online retailing and changing c… […]

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