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Tucson Industrial Market Still Struggling

TUCSON-The ongoing weakness in the CRE residential sector continues to dampen demand for industrial space here.

By Jennifer Duell Popovec | Updated on July 22, 2011

TUCSON-While its big city neighbor to the west, Phoenix, is experiencing significant industrial demand, Tucson’s industrial market continues to struggle, according to CBRE’s second quarter market report.

“Part of the reason why Phoenix is doing so much better than Tucson is the availability of newer space,” says Tim Healy, a broker with CBRE’s local office. “During the last development cycle, we didn’t see a lot of development, so when companies are looking for larger, newer industrial space, we don’t have it. Our building stock is dated.”

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