What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Tucson commercial real estate market incorporates 14,478,789 square feet of office space across 254 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Tucson, the coworking segment of the commercial real estate market incorporates about 3,565 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Tucson commercial real estate market includes 16,643,972 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Tucson market, there is a total of 25,761,425 square feet of industrial property.

What types of commercial real estate are available in Tucson, AZ?

The largest share of commercial real estate space for lease in Tucson is represented by Industrial space , which accounts for 4,326,124 square feet of available listings. Retail space available in Tucson adds up to 1,350,402 square feet.

What factors affect the price of commercial real estate in Tucson, AZ?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Tucson, AZ?

The average rent for commercial real estate space listed for lease in Tucson is $16.74 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Tucson can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $19.96 per square foot, industrial space in Tucson saw average rents of $9.96 per square foot.

What are the best areas for commercial real estate in Tucson, AZ?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Tucson, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Tucson is in the Broadway Northeast neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Broadway Northeast area . Meanwhile, retail space opportunities are most abundant in the Harrison East South submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Cherry Avenue . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Tucson was Office space. Conversely, the highest sale price last year was $4,000,000 that is located at 140 West Speedway Blvd.

What is the average size of a commercial property in Tucson, AZ?

The average size of a commercial property in Tucson depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Tucson, the average size of an office property is 59,339 square feet. Retail properties here incorporate an average of 72,681 square feet. Industrial space in Tucson is in buildings that are, on average 175,248 square feet in size.

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708 Commercial Real Estate Listings in Tucson, AZ

CRE Market Stats

1880 E Mitchell St

1880 E Mitchell St, Samos, Tucson, AZ
For Lease

$18.00/SF/YR
Property

Retail

3,525 SF
Availability

1 Space

3,525 SF
Year Built

1980
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AZ, Tucson - N Church St
HQ
177 N Church Ave suite 200, Tucson, AZ
Services

Virtual Office

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Bike storage

Business lounge

Catering

Cleaning services

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi
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1010 North Finance Center Drive

1010 North Finance Center Drive, Broadway Northeast, Tucson, AZ
For Lease

$11.00/SF/YR
Property

Office

48,673 SF
Availability

2 Spaces

48,673 SF
Year Built

1987
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3131 E 2nd St

3131 E 2nd St, Miramonte, Tucson, AZ
For Lease

$700.00/MO
Property

Healthcare

5,559 SF
Availability

1 Space

209 SF
Year Built

1957
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Spoke Coworking
Spoke Coworking
6700 East Speedway Boulevard, Tucson, AZ
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Bike storage

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Printer

Privacy booths

TV/Monitor

White boards

Window view
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5151 N Oracle Rd

5151 N Oracle Rd, Limberlost, Tucson, AZ
For Lease

Contact for pricing
Property

Office

29,985 SF
Availability

1 Space

280 SF
Year Built

1979
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Fortunado Plaza

9100 E. Tanque Verde, Bear Canyon, Tucson, AZ
For Lease

$18.00/SF/YR
Property

Retail

2,800 SF
Availability

1 Space

1,304 SF
Year Built

1989
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1401 South Pantano Road

1401 South Pantano Road, Dietz, Tucson, AZ
For Lease

$0.90/SF/MO
Property

Office

47,531 SF
Availability

1 Space

47,531 SF
Year Built

1996
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N. 6th Avenue & Speedway Boulevard

1101 N 6th Ave , Feldman's, Tucson, AZ
For Sale

Call For Info
Property

VacantLand
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2661 N 1st Ave

2661 N 1st Ave, Keeling, Tucson, AZ
For Sale

$1,619,200
Property

Office

5,060 SF
Year Built

1965
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Central Point Business Plaza

3961 East Speedway Blvd, The Garden District, Tucson, AZ
For Lease

$1.25/SF/MO
Property

Office

55,325 SF
Availability

2 Spaces

4,059 SF
Year Built

1982
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Courtyard Center

6400 East Grant Road, Broadway Northeast, Tucson, AZ
For Lease

$16.50/SF/YR
Property

Office

43,119 SF
Availability

1 Space

1,299 SF
Year Built

1989
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Liberty Plaza

315 W. Irvington Road, Sunnyside, Tucson, AZ
For Lease

$17.00/SF/YR
Property

Retail

10,017 SF
Availability

3 Spaces

3,600 SF
Year Built

2008
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Country Club Plaza

2761 N Country Club Rd, Country Glenn, Tucson, AZ
For Lease

$15.00/SF/YR
Property

Office

9,080 SF
Availability

1 Space

2,750 SF
Year Built

1984
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Broadway at Park Place

5870 E. Broadway Boulevard, Colonia Del Valle - Wilshire Heights, Tucson, AZ
For Lease

Contact for pricing
Property

Retail

35,000 SF
Availability

1 Space

13,790 SF
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4690 North Oracle Road

4690 North Oracle Road, Limberlost, Tucson, AZ
For Lease

Contact for pricing
Property

Office

211,152 SF
Availability

1 Space

211,152 SF
Year Built

2015
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2661 N 1st Ave

2661 N 1st Ave, Keeling, Tucson, AZ
For Lease

$25.00/SF/YR
Property

Office

5,060 SF
Availability

1 Space

5,060 SF
Year Built

1965
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Cambric Corporate Center

1730-1880 E River Rd, Campus Farm, Tucson, AZ
For Lease

Contact for pricing
Property

Office

167,640 SF
Availability

4 Spaces

21,687 SF
Year Built

1985
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North Tucson Business Center

3760 North Commerce Drive, Flowing Wells, Tucson, AZ
For Lease

$0.90/SF/MO
Property

Office

91,200 SF
Availability

1 Space

24,938 SF
Year Built

1985
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Scotsman Motel

3526 East Benson Highway, Los Ranchitos, Tucson, AZ
For Sale

$1,900,000
Property

Other

4,038 SF
Year Built

1946
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40 North Swan Road

40 North Swan Road, Highland Vista Cinco Via, Tucson, AZ
For Lease

$20.00/SF/YR
Property

Office

28,000 SF
Availability

1 Space

2,500 SF
Year Built

1963
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600 S Meyer Ave

600 S Meyer Ave, Barrio Viejo, Tucson, AZ
For Sale

$3,080,000
Property

Office

11,429 SF
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Wilmot Professional Plaza

6296 East Grant Road, Harlan Heights, Tucson, AZ
For Lease

$21.00/SF/YR
Property

Office

42,300 SF
Availability

3 Spaces

14,216 SF
Year Built

2002
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Desert Retreat MH & RV Park

6308 S Nogales Hwy, Sunnyside, Tucson, AZ
For Sale

Call Agent for Pricing
Property

Multi-Family
Year Built

1980
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Offices on the Loop

7650 East Broadway Blvd, Harrison East South, Tucson, AZ
For Lease

$1,191.00 - $3,383.00/MO
Property

Office

53,450 SF
Availability

4 Spaces

5,315 SF
Year Built

1986
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Camp Lowell Corporate Center

4510 East Camp Lowell Drive, Rillito, Tucson, AZ
For Lease

$24.00/SF/YR
Property

Office

68,872 SF
Availability

1 Space

1,250 SF
Year Built

2004
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	4,369,656 Sq. Ft.	31.38%
100k to 500k Sq. Ft.	6,574,635 Sq. Ft.	47.21%

Class	Total Square Feet	Share of Total Office
Class A	3,799,537 Sq. Ft.	27.28%
Class B	8,360,476 Sq. Ft.	60.03%
Class C	1,586,532 Sq. Ft.	11.39%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	5,669,505 Sq. Ft.	20.23%
100k to 500k Sq. Ft.	10,838,609 Sq. Ft.	38.67%
500k to 1M Sq. Ft.	2,674,569 Sq. Ft.	9.54%
> 1M Sq. Ft.	4,318,600 Sq. Ft.	15.41%

Class	Total Square Feet	Share of Total Industrial
Class A	8,147,274 Sq. Ft.	29.07%
Class B	15,635,325 Sq. Ft.	55.79%
Class C	595,898 Sq. Ft.	2.13%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	5,835,156 Sq. Ft.	36.61%
100k to 500k Sq. Ft.	7,983,209 Sq. Ft.	50.09%
500k to 1M Sq. Ft.	2,089,802 Sq. Ft.	13.11%

City	Property Type	Count of Listings	Total SF
Tucson, AZ	Office	122	1,298,149
Tucson, AZ	Retail	130	1,350,402
Tucson, AZ	Industrial	61	4,326,124
Tucson, AZ	Other	377	7,206,963

708 Commercial Real Estate Listings in Tucson, AZ

Tucson, AZ Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Tucson, AZ?

What factors affect the price of commercial real estate in Tucson, AZ?

What is the average rent for commercial space in Tucson, AZ?

What are the best areas for commercial real estate in Tucson, AZ?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Tucson, AZ?

Tucson, AZ Commercial Real Estate Inventory Breakdown

Total Office Space in Tucson: 13,926,545 Sq. Ft.

Total Industrial Space in Tucson: 28,027,801 Sq. Ft.

Total Retail Space in Tucson: 15,938,483 Sq. Ft.

Tucson, AZ Currently Available Listings

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