TUCSON, AZ (April 27, 2026) — Tucson lease activity reported for the week of April 20–24 totaled 28,054 square feet, including 19,740 square feet of retail space, 3,286 square feet of office space, and 5,028 square feet of industrial renewals. The largest retail transaction was the combined 11,172 square feet leased to SOAR Health and Animo Head Spa at 2001 W. Orange Grove Road, with CBRE’s David Montijo representing the landlord, SPE Desert Life MOB LLC. The largest office lease was Capstone Collegiate Communities LLC’s 1,392-square-foot lease at 845 N. Park Avenue, with CBRE’s John Ash representing the tenant and Natalie Furrier with Cushman & Wakefield | PICOR representing the landlord. The largest industrial renewal was Paragon Diversity Group Inc.’s 2,398-square-foot renewal at Ajo/Evans Business Park, with Kameron Norwood and Andrew Keim of Cushman & Wakefield | PICOR representing the landlord.

The following leases were reported to the Real Estate Daily News for the week of April 20–24, 2026.

NEW LEASES
RETAIL – 2001 W. ORANGE GROVE ROAD, TUCSON, AZ 85704, NORTHWEST SUBMARKET
SOAR Health and Animo Head Spa leased a combined 11,172 square feet of retail space at 2001 W. Orange Grove Road in Tucson from SPE Desert Life MOB LLC. David Montijo of CBRE in Tucson represented the landlord in both transactions. Julie Harris of Locate AI Realty represented SOAR Health, and Nina Marvcesim of Realty Executives Arizona Territory represented Animo Head Spa.

RETAIL – 5330 E. BROADWAY BLVD., TUCSON, AZ 85711, EAST SUBMARKET
United Optum Real Estate, LLC leased 5,220 square feet of retail space at 5330 E. Broadway Blvd. in Tucson from AAMP Properties, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. David Montijo of CBRE in Tucson represented the tenant.

PHOENIX LEASE
AUTOMOTIVE / RETAIL – 11210 N. CAVE CREEK ROAD, PHOENIX, AZ, NORTH PHOENIX
Forma Motor Sport leased 5,040 square feet at 11210 N. Cave Creek Road in Phoenix from Cool Motors, LLC for a 10-year term. Aaron Gutierrez of R.O.I. The properties were represented by the tenant, and Robert Nolan of Oxford Realty Advisors represented the landlord in the transaction.

RETAIL – 3102 E. FORT LOWELL ROAD, TUCSON, AZ 85716, CENTRAL SUBMARKET
Soldier’s Best Friend leased 1,788 square feet of retail space at Winterhaven Square, 3102 E. Fort Lowell Road in Tucson, from Winterhaven Investors LLC. Rob Tomlinson, Principal, and Natalie Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord. Tholin Johnson with PAK Home Realty represented the tenant.

RETAIL – 5604 E. BROADWAY BLVD., TUCSON, AZ 85711, EAST SUBMARKET
Sell Your Gadgets leased 1,560 square feet of retail space at Broadway Center, 5604 E. Broadway Blvd. in Tucson from Broadway Craycroft, LLC. Greg Furrier and Natalie Furrier with Cushman & Wakefield | PICOR represented the landlord. Frank Arrotta with Larsen Baker, LLC represented the tenant.

OFFICE – 845 N. PARK AVENUE, TUCSON, AZ 85719, CENTRAL SUBMARKET
Capstone Collegiate Communities LLC leased 1,392 square feet of office space at 845 N. Park Avenue in Tucson. The space will house the leasing office for 818, the luxury student housing community currently under construction at 818 E. Speedway Blvd. John Ash of CBRE in Tucson represented the tenant. Natalie Furrier with Cushman & Wakefield | PICOR represented the landlord, Marshall Foundation.

OFFICE – 5455 N. KOLB ROAD, TUCSON, AZ 85750, NORTHEAST SUBMARKET
Breadsmith leased 1,054 square feet of office space at Ventana Plaza, 5455 N. Kolb Road, Suite 113 in Tucson, from ETT Ventana Plaza, LLC c/o Carbas Corporation. Dave Hammack, Principal, Retail Specialist, and Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Cory Lamb and Robert Lamb with Long Realty Company represented the tenant.

OFFICE – 2343 E. BROADWAY BLVD., TUCSON, AZ 85719, CENTRAL SUBMARKET
Movement Mortgage, LLC leased 840 square feet of office space at The Continental, 2343 E. Broadway Blvd., Suite 112B in Tucson, from Continental Development Company – 2343 Broadway, LLC. Thomas J. Nieman, Principal, and Molly Mary Gilbert, CCIM, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Bruce Suppes with CBRE, Tucson, represented the tenant.

RENEWAL
INDUSTRIAL – 3855 E. EVANS BLVD., TUCSON, AZ 85714, SOUTH SUBMARKET
Paragon Diversity Group Inc. renewed its lease with FJM Merced Associates, LP for 2,398 square feet of industrial space at Ajo/Evans Business Park, 3855 E. Evans Blvd., Suite 403-404 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3855 S. EVANS BLVD., TUCSON, AZ 85714, SOUTH SUBMARKET
Postal Strategy Consulting LLC renewed its lease with FJM Merced Associates, LP for 932 square feet of industrial space at Ajo/Evans Business Park, 3855 S. Evans Blvd., Suite 401 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3819 S. EVANS BLVD., TUCSON, AZ 85714, SOUTH SUBMARKET
G Squared Consulting, LLC renewed its lease with FJM Merced Associates, LP for 918 square feet of industrial space at Ajo/Evans Business Park, 3819 S. Evans Blvd., Suite 306 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 1100 E. AJO WAY, TUCSON, AZ 85713, SOUTH SUBMARKET
Nailddicted, LLC renewed its lease with FJM Merced Associates, LP for 780 square feet of industrial space at Ajo/Evans Business Park, 1100 E. Ajo Way, Suite 211 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected]

TUCSON (April 27, 2026) — The Industrial Trends Issue of Trend Report is out today, and it arrives at a pivotal moment for Arizona’s industrial market. Industrial real estate has always been a practical sector — where goods are stored, equipment is staged, products are manufactured, contractors operate, trucks move, and companies solve the physical demands of business. But in this issue, one theme becomes clear: the industrial market is not slowing so much as shifting. Demand is becoming more specialized, more infrastructure-driven, and more closely tied to how businesses operate on the ground.

Across Southern Arizona and the broader Arizona market, industrial demand is being reshaped by forces that go well beyond square footage. Power availability, water planning, transportation access, workforce alignment, airport infrastructure, outdoor storage needs, manufacturing growth, and residential expansion are now tied together in ways that will define the next phase of economic development.

Our cover story by Max Fisher captures this shift in Tucson’s industrial market. The post-pandemic distribution surge has cooled, but the market is not standing still. Demand is moving toward industrial outdoor storage and power-intensive manufacturing users that need more than generic warehouse space. These users need functionality: yard space, secure access, three-phase power, modern electrical capacity, and locations that allow them to operate efficiently. In many cases, the building is only part of the equation. The infrastructure around it is what creates value.

That same idea runs through our look at contractor yard demand. A small land sale on Eisenhower Road may not appear headline-making at first glance, but it reflects an important market trend. Tucson’s industrial base includes local and regional businesses that need affordable, functional space to keep operations moving. Contractors, service companies, equipment users, utility firms, landscapers, and specialty trades all need places to store vehicles, tools, materials, and machinery. These are the businesses that build and maintain the region, and their real estate needs matter.

The data adds another layer. CBRE’s Tucson industrial research shows vacancy rising to its highest point in three years, yet the construction pipeline has pulled back sharply, giving the market room to absorb existing inventory. The story is not simply one of softness. It is one of recalibration. Some segments have cooled, while others are tightening. Large distribution space may face a different path than small-bay, IOS, and manufacturing-oriented products. For landlords, developers, and investors, the lesson is clear: demand is becoming more specific, and products that do not match today’s users may need to adapt.

This issue also looks beyond Tucson. Phoenix industrial activity is regaining momentum, big-box leasing is showing renewed strength nationally, and data centers are forcing communities across Arizona to rethink land use, infrastructure, power capacity, and public value. Data centers are a particularly important example because they sit at the intersection of real estate, utilities, economic development, water policy, and regional competitiveness. They are not just large buildings. They are long-term infrastructure decisions.

Closer to home, Tucson International Airport’s Airfield Safety Enhancement Program reminds us that industrial growth depends on foundational investments the public may not always see. Runways, taxiways, utility systems, highways, water facilities, and logistics corridors may not generate the same attention as a new building announcement, but they are the platform on which private investment depends.

Southern Arizona’s opportunity is not to chase every trend blindly, but to understand where its strengths align with market demand. Defense, aerospace, manufacturing, logistics, cross-border trade, construction, research, and innovation all require an industrial ecosystem that is functional, flexible, and supported by smart infrastructure choices.

The next industrial cycle will reward regions that think beyond buildings. It will reward communities that understand power, water, access, workforce, zoning, and speed-to-market as economic development tools. Tucson has the assets. The question is whether we continue aligning them with intentional growth.

Thanks to everyone who helped shape and contribute to this issue and to all who shared their insights. Sincere appreciation as well to our production team — Patti vanLeer, Michael Rossmann, and Jack Paddock — for their consistent support and meticulous attention to detail.

Looking ahead, do not miss our June issue on Economic Trends. As always, we welcome your feedback and contributions. Visit TrendReportAZ.com and click Connect to get in touch.

Karen Schutte
Managing Editor, TREND Report

TUCSON, AZ (April 24, 2026) — Larsen Baker, through its affiliate Tucson Sam Hughes, LLC, has acquired the office project at 100–150 N. Tucson Blvd. in Tucson’s Sam Hughes neighborhood for $3.3 million, or approximately $66 per square foot.

The roughly 50,000-square-foot office property sits on nearly four acres just north of Larsen Baker’s Sol Block retail property along Broadway. The project, now branded as 100 North, features a distinctive brick office building with a garden-level component and a central Tucson location near the Broadway corridor, the University of Arizona area, and surrounding residential neighborhoods.

The acquisition adds another infill asset to Larsen Baker’s Tucson portfolio and gives the company additional office leasing opportunities in one of the city’s most recognizable central neighborhoods. The property currently has 16,782 square feet available for lease.

Isaac Figueroa, CCIM, SIOR, with Larsen Baker, is handling leasing for the project. For leasing information, call 520.296.0200 ¦ Ext. 218.

Bob Davis with Tango Commercial and Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the buyer. Rick Kleiner and Alexis Corona with PICOR represented the seller.