Trends

Tucson Retail Slows Through Midyear

CBRE’s recent Q2 2021 Tucson Retail Report shows retail leasing activity fell in Q2 with a negative net absorption rate of 24.5KSF.  Q1 net absorption had been 31.5KSF.  Quarter-over-quarter vacancy was 8.3 percent, up from 8.1 percent in Q1. Q2 2020’s vacancy was

Trends

Arizona Construction Gained 300 Jobs in July

By Tasha Anderson and Rebekah Morris for AZBEX  Arizona’s seasonally adjusted unemployment rate decreased to 6.6 percent in July 2021, from 6.8 percent in June 2021, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate decreased to 5.4 percent from 5.9 percent in June. In July 2020, the state had a seasonally adjusted rate of 10.4 percent,

Trends

Construction Input Prices Up 23.1% Year-Over-Year

By Associated Builders and Contractors  Construction input prices rose 0.6 percent in July, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.8 percent for the month.  Construction input prices are