Tucson Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Tucson is $22.17 per square foot, 8.16% higher compared to the previous year.
  • The market’s vacancy rate stands at 11.17%, lower than the state average of Arizona, which is 15.66%.

2025 Office Space Rent & Sales

  • $22.17 2025 Avg. Asking Rent
  • 8.16% Y-o-Y Avg. Asking Rent Change
  • 11.17% 2025 Office Vacancy Rate
  • $67.1M2025 Total Office Sales
  • $100.16Avg. Sale Price/SF

What is the average asking rent price for office space in Tucson?

Average asking rents for office space here stand at $22.17 per square foot. The local office market recorded an average vacancy rate of 11.17% in 2025, unchanged from 11.17% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $67.1M across 10 sales. These transactions commanded an average sale price per square foot of $100.16.

Tucson, AZ Office Asking Rents by Class

What is the average office rent per square foot by property class in AZ?

  • Avg. Asking Rent Class A & A+$33.55
  • Avg. Asking Rent Class B$24.49
  • Avg. Asking Rent Class C$19.85

For comparison, the average rent for Class A and A+ office space in Arizona was $33.55 per square foot. The state-wide average for Class B space was $24.49 per square foot, and Class C office spaces averaged $19.85 per square foot.

Tucson, AZ Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Tucson was West Tucson at 6.45%. Meanwhile, the highest office vacancy rate in the market was 21.14%, recorded in East Tucson.
Submarket Asking Rents Vacancy Rates
Foothills $30.62 10.89%
North Tucson - Oro Valley $24.84 10.72%
Downtown Tucson $22.38 13.78%
Central Tucson $22.26 9.84%
West Tucson $18.70 6.45%
East Tucson $15.97 21.14%
Tucson International Airport $12.25 10.00%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $100.162025 Avg. Price per SF
  • -1.18%Y-o-Y Avg. PpSF Change
  • $67.1M2025 Office Sales Volume
  • 102025 Number of Transactions

What is the average sale price per square foot for office space in Tucson?

Average sale prices for office space in this market recorded a -1.18% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $100.16 per square foot. For comparison, the statewide Arizona average during the same time period stood at $166.50 per square foot, while the national average was $182.48 per square foot.

Tucson, AZ Sale Price per SF Trend

  • Tucson Avg. Sale Price per SF in 2025$100.16
  • Arizona Avg. Sale Price per SF in 2025$166.50

What was the total office sales volume in Tucson in 2025?

The local office market recorded 10 deals in 2025, adding up to a yearly sales volume of $67.1M.

  • Tucson, AZ Total Office Sales Volume in 2025 $67.1M
  • Tucson, AZ Total Number of Office Sales Closed in 2025 10
Data provided by Yardi Research

Office Construction in Tucson, AZ

What are the largest recent office completions in Tucson?

The largest recent office completion here is City Park - 40 East Congress Street at 64,697 square feet, completed in 2018. The next largest completions are Monte V Corporate Center and 2415, 2427 & 2429 North Alvernon Way.

Office building Address SF Completed
Tucson Marketplace at the Bridges 1402 E Tucson Marketplace Blvd, 85713 12,305 2022
City Park - 40 East Congress Street 40 East Congress Street, 85701 64,697 2018
Puente Nuevo Plaza (Building 1D) 3925 E. Fort Lowell Road (Building 1D), 85712 6,000 2017
1335 W Ajo Way 1335 W Ajo Way, 85713 9,244 2013
Monte V Corporate Center 3501 E. Speedway Blvd., 85716 39,000 2010
Grant Road Professional Plaza 5977-5983 E. Grant Road, 85712 8,220 2009
Tanque Verde Place 7485 E Tanque Verde Rd, 85715 4,734 2007
2415, 2427 & 2429 North Alvernon Way 2415 N ALVERNON WAY, 85712 13,650 2003
4582 N. 1st Ave. 4582 N. 1st Ave., 85718 7,152 2003
4582 N. 1st Ave. 4582 N. 1st Ave., 85718 7,152 2003
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.