• Demand slowed throughout Tucson in Q2 2019 as large retail vacancies affected market fundamentals.
  • In Q2 2019, the Tucson retail market recorded 103, 294 sq. ft. of negative net   absorption.
  • Market wide, Tucson  showed  a  slight  increase in vacancy to 7.67%.
  • Metro Tucson’s asking average lease rate showed an increase to 11.6% over the last 12 months, ending the quarter at $17.74/SF NNN per sq. ft.