You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.

Comments
This kind of reporting is a disservice to your readers. Surging demand??? If absorption is negative how does that represent surging demand?? The rest of the information is speculation and conjecture that adds no value whatsoever. "Tucson is far healthier than other markets our size," oh really?? Which ones? By how much? How is a retail specialist from Tucson able to make this determination? I can't tell you how many times I have heard the stores were the "strongest in the [state, region, city, etc.] They all can't be the strongest. It looks like more retailers are leaving and closing up than entering since in the article it specifically mentions Ultimate Electronics, Borders and Blockbuster as closing. Not sure how this represents surging demand but I am sure we can find a local retail specialist to tell us how it does!
Posted by jcscofx | Monday, April 11 2011 at 4:20PM ET
John,

I don't think my story does my readers a disservice. As the story indicates, the numbers alone don't offer the whole picture. Yes, retailers are still giving back space, hence the negative absorption.

But that alone doesn't mean that demand has not increased. Despite the space that was given back, the vacancy rate has stayed flat since this time last year - meaning that some of that space has been leased. Additionally, the retailers that have given back space in Tucson are ones that are giving space back across the nation. It doesn't indicate that retail demand in Tucson is weaker than other places.

Moreover, there are plenty of examples in the story that backup the idea that Tucson is attractive to retailers. Costco, Wal-Mart, Staples and Nordstrom Rack all have stores under construction or about to open. I don't know of many cities the size of Tucson where that's the case.
Posted by Jennifer Duell Popovec | Monday, April 11 2011 at 5:58PM ET