TUCSON, ARIZONA (July 1, 2026) — Tucson apartment rents moved higher in June, but the market remains more affordable than most large U.S. cities and continues to post year-over-year rent declines, according to the latest Apartment List Rent Report.

Apartment List’s July 2026 report shows Tucson’s overall median rent at $1,040, following a 0.9% increase in June. Despite the monthly gain, rents remain 2.0% lower than a year ago.

The report places Tucson among the more affordable major rental markets in the country. Among the nation’s 100 largest cities, Tucson ranked as the 98th most expensive large city, with median rents of $868 for a one-bedroom apartment and $1,113 for a two-bedroom apartment.

Nationally, the median rent stood at $1,385 overall, with a median of $1,217 for a one-bedroom and $1,371 for a two-bedroom. By comparison, Tucson’s overall median rent is approximately 24.9% below the national median.

While rents are still down on an annual basis, Tucson’s rental market is showing stronger momentum than it did at the same point last year. Through the first six months of 2026, Tucson rents have increased 2.0%. During the same January-to-June period in 2025, rents had decreased 0.6%.

Apartment List reported that Tucson’s 0.9% monthly rent increase outpaced the national monthly increase of 0.4% and ranked Tucson No. 25 among the nation’s 100 largest cities for June rent growth. Similar monthly increases were reported in New Orleans and Seattle.

The report also noted that Tucson’s year-over-year rent decline of 2.0% compares with a 3.2% decline statewide in Arizona and a 1.2% decline nationally.

Apartment List calculates rent estimates using U.S. Census Bureau median rent statistics and extrapolates current-month trends using listing data and a same-unit analysis designed to track rent changes over time.

Source: Apartment List July 2026 Tucson Rent Report.

Phoenix, Arizona  (June 30, 2026) – A 16-acre land parcel located near the intersection of Meridian Road and Germann Road in Queen Creek, Arizona, has sold for $6.97 million, highlighting the continued demand for strategically located development land within one of the region’s fastest-growing markets. CRE8 Advisors, a leading brokerage specializing in retail and land acquisitions, represented the seller in the transaction.

The property is situated near the Commercial Metals Company (CMC) plant, a significant industrial investment that has helped the area become an emerging hub for manufacturing, logistics, and industrial growth for many years. The site’s proximity to major transportation corridors and expanding infrastructure makes it an attractive location for future development opportunities.

As Queen Creek continues to experience rapid population growth and economic expansion, industrial and commercial land values throughout the Southeast Valley have remained strong, attracting investors and developers seeking opportunities in high-growth markets. The seller, Superstition View Ranchettes, LLC sold 16.13 acres to BC Invest, who also owns Better Choice Homes.

“This transaction reflects the increasing interest we continue to see in Queen Creek and the surrounding Southeast Valley,” said Rommie Mojahed of CRE8 Advisors. “With major employers, infrastructure investments, and industrial users expanding throughout the area, demand for well-located land remains exceptionally strong,” Properties near major employment centers are becoming increasingly valuable as businesses position themselves to capitalize on the region’s growth.

CRE8 Senior Advisor, Lindsey Dulle added, “The sale further demonstrates the strength of Arizona’s land market and the continued expansion of industrial development throughout the Phoenix metropolitan area.”

For additional information regarding land investment and development opportunities throughout Arizona, contact CRE8 Advisors at www.CRE8advisors.com.

TUCSON, AZ (June 29, 2026) — The following commercial leases were reported to Real Estate Daily News for the Tucson market during the week of June 22-26, 2026.

The week’s largest transaction was Turf Designs’ 10,455-square-foot industrial lease at Butterfield Tech Center II, 4650 S. Coach Dr., Suite 160 in Tucson, handled by Paul Hooer and Andrew Keim with Cushman & Wakefield | PICOR.

Overall activity included new leases and renewals across the industrial, office, medical office, and retail sectors, totaling 35,704 square feet.

NEW LEASES

INDUSTRIAL – 4650 S. COACH DR., SUITE 160, TUCSON, AZ 85714 – SOUTH SUBMARKET
Turf Designs leased 10,455 square feet of industrial space at Butterfield Tech Center II, 4650 S. Coach Dr., Suite 160 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 3845 N. BUSINESS CENTER DR., SUITE 107, TUCSON, AZ 85705 – CENTRAL SUBMARKET
Ames Construction, Inc. leased 3,249 square feet of office space at North Tucson Business Center, 3845 N. Business Center Dr., Suite 107 in Tucson, from Pegasus Tucson Owner, LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 11835 N. ORACLE RD., ORO VALLEY, AZ 85737 – NORTHWEST SUBMARKET
Centre Stage Dance Studio leased 3,200 square feet of retail space within Oro Valley Marketplace, 11835 N. Oracle Rd. in Oro Valley, from OVM Delaware, LLC. Centre Stage Dance Studio has been serving Oro Valley and surrounding families for 20 years, and this relocation will allow the studio to expand the variety and number of classes. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the tenant. Jesse Peron with CBRE, Tucson, represented the landlord.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., SUITES 111, 112, 113, TUCSON, AZ 85712 – NORTHEAST SUBMARKET
Positive Nature Hospice LLC leased 2,546 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suites 111, 112, 113 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

MEDICAL OFFICE – 2300 S. HOUGHTON RD., SUITE 250, TUCSON, AZ 85748 – EAST SUBMARKET
Roxbury Institute Arizona, LLC leased 2,107 square feet of medical office space at Northwest Hospital Houghton, 2300 S. Houghton Rd., Suite 250 in Tucson, from HCII-South Houghton Road, LLC. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 3532 E. GRANT RD., TUCSON, AZ 85716 – CENTRAL SUBMARKET
ViewFinder Low Vision Resource Center leased 1,920 square feet of office space at Grant Plaza, 3532 E. Grant Rd. in Tucson, from Miramar Property Investors. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the tenant. Gordon Wagner with NAI Horizon, Tucson, represented the landlord.

INDUSTRIAL – 3210 S. DODGE BLVD., SUITE 2, TUCSON, AZ 85713 – SOUTH SUBMARKET
Talavera Tile King LLC leased 572 square feet of industrial space at South Dodge Business Center, 3210 S. Dodge Blvd., Suite 2 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

TOTAL NEW LEASES: 24,049 SQUARE FEET

RENEWALS

INDUSTRIAL – 1665 E. 18TH ST., SUITES 108, 112, 113, TUCSON, AZ 85719 – CENTRAL SUBMARKET
Physics Materials and Applied Mathematics Research LLC renewed its lease with SBC Investors, LLC for 9,090 square feet of industrial space at Tucson Tech Park, 1665 E. 18th St., Suites 108, 112, 113 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., SUITE 24, TUCSON, AZ 85712 – NORTHEAST SUBMARKET
Meziab International LLC renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 24 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 1870 W. PRINCE RD., SUITE 56, TUCSON, AZ 85705 – CENTRAL SUBMARKET
Formidable Toys LLC renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Exchange Place Business Center, 1870 W. Prince Rd., Suite 56 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 2410 W. RUTHRAUFF RD., SUITE 110-I, TUCSON, AZ 85705 – CENTRAL SUBMARKET
Silver Mountain Design, Ltd. renewed its lease with Pegasus Tucson Owner, LLC for 165 square feet of office space at Ruthrauff Commerce Center, 2410 W. Ruthrauff Rd., Suite 110-I in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

TOTAL RENEWALS: 11,655 SQUARE FEET

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