Tucson Commercial Real Estate Review

tucsonAZRE Magazine

PICOR released the following Tucson commercial real estate market review:

Office

The Tucson office vacancy rate ended 2013 in familiar territory, at 12.2%, with medical and associated uses continuing to shine more brightly than financial and service sector requirements. Investment activity picked up in the fourth quarter, with seven of the ten largest buildings sold to users in service and technology fields. We expect mild improvement across the market in 2014 with job creation the key to meaningful absorption.

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