MARKET SNAPSHOT

Tucson q3 2026

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AVERAGE RENT

$1,127 Q3 2026

OCCUPANCY RATE

89.9% Q3 2026

NET ABSORPTION

994 T4Q

ANNUAL RENT CHANGE

1.0% Q3 2026

YoY OCCUPANCY CHANGE

60 BPS

UNIT COMPLETIONS

451 T4Q

KEY TAKEAWAYS
Annual absorption of 994 units more than doubled the 451 units delivered over the past year and is up 67% from a year ago.
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Effective rents rose 1.0% year over year to $1,127, the first positive annual reading since early 2024, after three straight quarters of gains.
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Occupancy climbed to 89.9%, up 60 basis points from a year ago and 80 basis points above its late-2025 low.
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MARKET OUTLOOK

Tucson's apartment market has moved firmly into recovery. Annual absorption of 994 units has more than doubled deliveries and is up 67% from a year ago, occupancy has risen...

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