TUCSON—Vacancy rates in Q3 2014 remained flat from last quarter at 8.2%. This has been the story of the market for the last year now, with vacancy not experiencing a drop greater than 80 basis points since Q3 2013 when the rate fell to 8.2% from 9.0% in Q2 2013. Net absorption for the quarter was reported at positive 50,776 square feet, a down quarter compared to Q2 2014 when an adjusted 113,521 square feet was absorbed. Year-to-date, the retail market has recorded 199,017 square feet of positive absorption. Supply chain analysts report container cargo shipments are at some of the highest numbers since before the recession started. This cargo number reflects retailer confidence in the upcoming holiday shopping season. GlobeSt.com caught up with Nancy McClure, first vice president, CBRE, to get her take on Tucson’s retail numbers.

GlobeSt.com: Can you expand upon the supply chain analysis? 

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