Tucson Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , Cushman & Wakefield
Quarterly retail market indicators for Tucson, aggregated by CREhunt from , Cushman & Wakefield. As of Q1 2026, average asking rent was $24.39/SF with a 8.9% vacancy rate.
Projected current retail pricing — Tucson
Projected asking rent
$24.39–$24.63/SF/yr
Estimated sale value
$229–$292/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 reported data (cap rate 6.3%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $24.39/SF | 8.9% | 70K SF | — | |
| Q4 2023 | — | 6.0% | — | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for retail space in Tucson?
- As of Q1 2026, the average asking rent for retail space in Tucson was $24.39/SF.
- What is the retail vacancy rate in Tucson?
- The retail vacancy rate in Tucson was 8.9% as of Q1 2026.
- Where does CREhunt's Tucson market data come from?
- This report aggregates quarterly retail market data for Tucson from Cushman & Wakefield.
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