(February 5th, 2016) – “Though market activity seems to be on the rise throughout various industries in the Tucson area, no one is feeling an overwhelming sense of joy and relief just yet. 2015 saw an increase in the retail and housing markets as infill continued and homebuyers began to venture back out into the market. On the flip side of the coin, national economic indicators have continued to waver as stock prices slide and the price of oil drags down national economies throughout the world.
In terms of the office market, increased activity was more closely tied to renewed negotiations with current landlords, not an influx of new business. Despite a majority of transactions occurring on existing deals, several large leases were negotiated in the region.
Comcast recent leased 211,000 square-feet of office space at the Tucson Galleria at 4650 N. Oracle Rd. Aetna Life Insurance leased 100,250 square-feet at 3535 E. Valencia Rd. and Cenpatico of Arizona, Inc. leased 52,000 square-feet at 333. E. Wetmore Rd.”…
Continue reading the full article here! (Originally sourced from Inside Tucson Business)