Figure

Tucson Retail Figures Q1 2023

June 1, 2023 5 Minute Read

Looking for a PDF of this content?

Download

  • 195,365 sq. ft. of net absorption occurred in Q1 2023, along with 297,725 sq. ft. of gross activity.
  • Construction activity increased form the year prior even though 63,500 sq. ft. delivered in the first quarter.
  • Tucson average asking lease rates increased $0.11 from the prior quarter to $17.44 per sq. ft.