Commercial Real Estate Market in Tucson, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,497 active listings and 19,693 off-market properties in Tucson, AZ. Commercial property asks $106/SF to buy and $22.60/SF/Yr to lease. Office vacancy runs 9.5%, the loosest of the segments tracked here.
Market Trends
Tucson, AZ spans 1,685.0 square miles in Pima County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Tucson, AZ asks $20.02/SF/Yr to lease and $259/SF to buy. Vacancy runs 9.5% in 2025, up from 8.9% in 2019.
Retail
Retail space in Tucson, AZ asks $202/SF to buy. Vacancy runs 6.2% in 2025, down from 7.4% in 2019. Down from a 2020 peak of 8.3%.
Average Sale Price $/SF
Listings
Vacancy Rate %
Industrial
Industrial vacancy in Tucson, AZ runs 7.3% in 2025, up from 6.4% in 2019. Nearly 2.9x the 2022 low of 2.5%.
Vacancy Rate %
Multifamily
Multifamily space in Tucson, AZ asks $212/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 42.9%
- Industrial 30.7%
- Residential 18.2%
- Open space 0.9%
- Mixed use 0.9%
- Planned_development 0.1%
- Commercial 0%
- Special 0%
Largest Zones share of zoned land by district
Residence
Rural Homestead
Suburban Ranch
Residence
Light Industrial
Residence (R-2)
Zone (PDF, 803KB) Sec. 2.2.6: “SH” Suburban Homestead Zone (PDF, 318KB) Sec. 2.3.2: “RX-1” Residence Zone (PDF, 2MB) Sec. 2.3.3: “RX-2” Residence Zone (PDF, 1MB) Sec. 2.3.4: “R-1” Residence Zone (PDF, 7MB) Sec. 2.3.5: “R-2” Residence Zone (PDF, 3MB) Sec. 2.3.6: “R-3” Residence Zone (PDF, 471KB) Sec. 2.3.7: “MH-1” Mobile Home Zone (PDF, 3MB) Sec. 2.4.2: “O-2”…
Market overview
Demographics & Economy
Tucson, AZ has 914,763 residents in 416,820 households. Density runs 543 people per square mile. Median household income here is $68,680 and median gross rent $1,244 a month.
914,763
Population
416,820
Households
2.2
Avg Household Size
41
Median Age
34%
College-Educated
89%
High-School Grad
1685 sq mi
ZIP Area
543
Density / Sq Mi
$68,680
Median Household Income
$39,949
Median Earnings
$1,244
Median Rent
$289,562
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Tucson?
Commercial property in Tucson, AZ asks an average of $106 per square foot. The 6 most recent recorded sales traded at a median of $182/SF. Office carries the highest asking price at $259/SF.
How much does it cost to lease commercial space in Tucson?
Asking lease rates in Tucson, AZ average $22.60 per square foot per year. Office asks $20.02/SF/Yr as of Q2 26, down from $21.34/SF/Yr in Q1 26.
What is the office vacancy rate in Tucson?
Office vacancy in Tucson, AZ is 9.5% as of 2025, up from 8.9% in 2019. Retail vacancy is 6.2%, below Office vacancy.
Which property type has the lowest vacancy in Tucson?
Retail has the lowest vacancy in Tucson, AZ at 6.2%, inside a 6.2–8.3% band since 2019. For comparison: office 9.5%, industrial 7.3% and multifamily 8.6% (West).
Where does Realmo's Tucson market data come from?
Realmo compiles Tucson, AZ figures from 7 recent recorded sales, 1,081 active sale listings, 416 active lease listings, 19,693 tracked off-market properties, the current Tucson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,081 active for-sale and 416 active for-lease listings in Tucson, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 156,087 zoned acres across 103 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- multifamily vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
