Figures

Tucson Office Figures Q1 2025

April 23, 2025 5 Minute Read

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‒No supply was added to the pipeline for the 12th consecutive quarter.
‒Net absorption remained in negative territory for the third straight quarter, as more than 28,000 sq. ft. was added back to the market during Q1 2025.
‒The direct average asking full-service gross (FSG) lease rate increased by 2.0% quarter-over-quarter to $23.82 per sq. ft.