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Tucson’s Office Space Market Has Attractive Options

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Businesses who need to strategically reconsider their office space needs could find an accommodating market in Tucson, Arizona.

Tucson has more than 2 million square feet of vacant office space, including nearly 72,000 square feet of attractive vacant sublease space, according to the mid-year 2008 CoStar Office Report for the Tucson market.

At $20.58 a square foot, quoted rental rates are stagnant overall and decreasing in some segments, the report said.

While many businesses have responded to the credit crunch and slowing economy by choosing to remain in their current office space, a wiser strategy is to respond intelligently to changing conditions, said one of our top local reps.

“Even in this bleak economic environment, business owners still need to look for ways to maximize their real estate situation, whether it’s to relocate, downsize or renegotiate leases,” OfficeFinder’s local rep, whose company represents corporate tenants and buyers.

“In reality, no matter what’s happening, businesses still face the need to run their businesses,” said OfficeFinder’s Tucson rep.

We offer and up-to-date profile on the local market on our website.

“We want to provide an accurate picture of what’s happening in office real estate,” OfficeFinder’s local rep said, “so that tenants can make smart decisions.”

OfficeFinder of Tucson assists corporate tenants and buyers in locating, negotiating and leasing or buying business space in the Tucson metropolitan area.

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