Tucson Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, Cushman & Wakefield
Quarterly office market indicators for Tucson, aggregated by PropZone from CBRE, Cushman & Wakefield. As of Q1 2026, average asking rent was $23.16/SF.
Projected current office pricing — Tucson
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Tucson office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $23.16/SF | — | 2K SF | — | CBRE |
| Q4 2019 | — | 5.8% | — | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Tucson?
- As of Q1 2026, the average asking rent for office space in Tucson was $23.16/SF, per CBRE.
- What is the office vacancy rate in Tucson?
- Vacancy data for Tucson office is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's Tucson market data come from?
- This report aggregates quarterly office market data for Tucson from CBRE, Cushman & Wakefield.