TUCSON—The trend for Tucson is upward. So says Brandon Rodgers senior associate with Cushman & Wakefield | PICOR.
"In 2006 to 2008 we were seeing a 5% vacancy range; in 2009 that spiked to 11-12%," Rodgers tells GlobeSt.com. But at the end of 2013 vacancies were down to 10.8%. "The past five quarters we've seen positive absorption. We are trending upward."
Rodgers explains that Tucson just doesn't see the velocity in size and deals that Phoenix does. "Our cycles are more muted," he says. "The upside to that is that we don't really have the dramatic swings that Phoenix does."
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