TUCSON, AZ (December 4, 2025) — In Q3, Tucson’s retail market remained balanced amid cautious optimism, with vacancy rising slightly to 6.0% due to larger store closures. Tucson’s retail sector was defined by steady fundamentals, targeted expansion in niche segments, and cautious upward pressure on rates.

Smaller-format availabilities under 4,000 square feet (sf) were limited with vacancy at just 2.1%, underscoring few options for shop space operators. Elevated construction costs and interest rates restrained speculative development, keeping new supply muted.

Leasing activity is returning to rebound to pre-pandemic levels, with space demand centered on value, experiential, and fitness-oriented users. Discounters and resale operators were actively backfilling big-box vacancies, while health, wellness, and indoor recreation tenants expanded their footprints.

Infill and adaptive reuse projects gained traction as cost pressures discouraged large ground-up builds. Asking rents climbed 4.8% YOY, reflecting stronger momentum, though average rates still sat below national benchmarks. The affordability of Tucson’s retail space remained advantageous in attracting regional and national tenants. Supply constraints kept vacancy from climbing sharply and rent growth may accelerate if tenant demand persists.

Pricing reflected a market in equilibrium with steady rent growth and stability across most segments. Tucson’s average retail lease rates held near $20 per sf in Q3. Roughly 20% below the U.S. average, but posted annual growth of 4.8%, outpacing national trends. Affluent submarkets such as Foothills and Oro Valley commanded notable premiums due to strong household incomes and luxury retail demand.

Limited new construction and restrained supply applied modest upward pressure on rents, keeping market conditions balanced between landlords and tenants. Large-format may experience downward rate adjustments as vacancy builds, but smaller infills, fitness, and experiential users continued to lease at prevailing rents.

Read the full report here.

MESA, ARIZONA (December 4, 2025) – Streamline Capital Group, a Mesa-based real estate investment firm specializing in Class B and medical office properties, continues to accelerate its momentum across the Metro Phoenix market.

With a track record of value-add execution, strategic leasing, and vertically integrated operations, the firm is proud to announce key portfolio achievements.

Since acquiring The Grand on 44^th, a 40,000 SF property in June 2023, Streamline Capital Group has implemented a capital improvement and leasing program that has revitalized the asset and significantly increased occupancy. The building, located at 44th Street and Thomas Road in Phoenix, is now 87 percent leased, driven by the recent long-term commitment from Goldberg & Osborne, Arizona’s leading personal injury law firm.

In Mesa, Twelve 34 Power, a 19,000-SF professional and medical office building acquired in February 2024, has now reached 100 percent occupancy. After executing an operational overhaul that included capital enhancements, lease repositioning, and property management optimization, Streamline has maximized value for both investors and tenants.

Streamline Capital Group is now under contract to acquire its next value-add opportunity: a Class B medical office property at 401 W. Baseline Road, in Tempe, Arizona, currently known as The Meridian. The firm will rebrand the property as Tempe Crossings and implement its signature improvement strategy.

Renovations will focus on the exterior and common interior areas, with the asset expected to come online in early 2026.

“Our mission is not just about owning real estate. It’s about transforming properties, delivering reliable returns to our investors, and contributing to the economic vitality of our communities. The success we’ve seen in Phoenix and Mesa underscores the strength of our value-add strategy, and we’re excited to bring that same momentum to Tempe with Tempe Crossings,” said David Hrizak, CEO of Streamline Capital Group.

Founded in 2022, Streamline Capital Group acquires and repositions income-producing medical and Class B office buildings across high-growth markets in Metro Phoenix. With vertically integrated development and management arms – Streamline Development and Streamline Asset Management – the firm maintains full control of the investment lifecycle, ensuring cost efficiency, tenant satisfaction, and strong investor returns.

For more information about The Streamline Companies and investment opportunities with Streamline Capital Group, visit thestreamlinecompanies.com.

Banyan at 17 North

PHOENIX (December 4, 2025) – Mark-Taylor Residential continues its expansion into North Phoenix with the addition of Banyan at 17 North. This gated community of townhomes is strategically located near local businesses, parks, shops, and eateries, offering residents endless opportunities to explore their new neighborhood.

The property, located at 2871 West Blue Sky Drive, was built with the intention of encouraging outdoor activity, whether that be in social moments or in relaxing solitude. Uncommonly, Banyan at 17 North offers units with attached garages and personal office spaces. Residents can also enjoy the resort-style pool and sun deck, children’s playground, dog park, and community recreation area.

“Banyan at 17 North was purposefully developed to not only allow residents to live comfortably but to also encourage them to be immersed in the community and neighborhood in which they reside,” said Frank Kim, Managing Director of Multifamily Investments at Mark-Taylor. “We wanted to deliver a unique experience, offering plenty of amenities and outdoor areas for social interaction and connection.”

Banyan at 17 North offers cozy two- and three-bedroom townhomes, designed with open floor plans, high ceilings, and smart home technology for residents’ convenience and comfort. Each unit showcases practical, modern designs, featuring stainless-steel appliances and quartz countertops. The townhomes also display gourmet kitchens, spacious bedrooms and sleek, high-performance GE washer and dryer units.

In addition to its advanced amenities and unparalleled design, Banyan at 17 North is in a prime location right next to I-17, providing residents with easy access to faster routes, new developments, and overall, a home in the sweet spot of the North Valley.

For more information on Banyan at 17 North, visit: https://www.mark-taylor.com/