Figures

Tucson Industrial Figures Q4 2024

February 3, 2025 5 Minute Read

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‒Vacancy increased 10 basis points (bps) quarter-over-quarter to 4.7% in Q4 2024.
‒Net absorption dipped in negative territory for the first time since Q2 2023, as roughly 49,521 sq. ft. of vacant space was added back to the market.
‒Development activity increased, with a total of 881,472 sq. ft. of space under construction exiting Q4 2024.