Tucson Industrial Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from CBRE, Colliers, Cushman & Wakefield
Quarterly industrial market indicators for Tucson, aggregated by CREhunt from CBRE, Colliers, Cushman & Wakefield. As of Q1 2026, vacancy was 8.2%, per CBRE.
Projected current industrial pricing — Tucson
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Tucson industrial yet, so this applies the typical cap rate across comparable industrial 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 Q4 2023 multiple brokerages asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 CBRE | — | 8.2% | — | — | CBRE |
| Q4 2023 Colliers | — | 6.0% | 924K SF | — | Colliers |
| Q4 2023 Cushman & Wakefield | $6.84/SF/yr | 6.6% | 413K SF | — | Cushman & Wakefield |
| Q4 2018 Cushman & Wakefield | $6.00/SF/yr | 5.7% | — | — | Cushman & Wakefield |
How the brokerage sources compare
For Q4 2023, the brokerages CREhunt aggregates for Tucson industrial did not fully agree. On vacancy, the sources span 0.7 points — from 6.0% (Colliers) to 6.6% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 6.6% | $6.84/SF/yr | — |
| Colliers | 6.0% | — | — |
Per-brokerage figures for Q4 2023, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Tucson?
- CREhunt aggregates industrial asking-rent data for Tucson from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Tucson?
- The industrial vacancy rate in Tucson was 8.2% as of Q1 2026 (CBRE).
- Where does CREhunt's Tucson market data come from?
- This report aggregates quarterly industrial market data for Tucson from CBRE, Colliers, Cushman & Wakefield.
- How much do brokerage estimates differ for industrial space in Tucson?
- For Q4 2023, the brokerage sources CREhunt aggregates for Tucson did not fully agree. On vacancy, the sources span 0.7 points — from 6.0% (Colliers) to 6.6% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.