• 408,188-sq.-ft. of net absorption was logged in the second quarter. Meanwhile, Tucson’s marketwide vacancy rate decreased 80 bps year-over-year to 7.8%.  
  • Tucson’s average asking lease remained unchanged on a year-over-year basis at $0.48 NNN per sq. ft. in Q2 2018.
  • A total of 538,915 sq. ft. of industrial space came online during Q2 2018, a significant increase from the 30,180 sq. ft. completed during the same period last year.