Leasing

consumer spending is stronger in Tucson than the national average. Retail trade jobs are growing faster, too. That shows that Tucson retail space continue to be sought after, although some of those locations may be used as fulfillment facilities as businesses adjust to more online shopping.

After a year of experience running your business with COVID-19, it’s time to take a hard look at what’s next for using Tucson office space. That’s especially true if it appears your employees prefer to continue working remotely. Even as more people become vaccinated, there are still concerns about the rate of transmission and length of protection that cause people to be cautious. COVID-19 will affect site selection decisions for a while. Real Estate Advisor Michael Coretz suggests to take a methodical approach to figuring out how much space you need and how you would use it.

Tucson-based Paradigm Laboratories, in partnership with Phoenix-based Prorenata Labs, developed a test for quickly detecting COVID-19. ARCpoint Labs, also in Tucson, created a rapid test for antibodies. Area hospitals became part of several clinical trials for the treatment of and vaccination against the virus. The University of Arizona is part of a statewide testing program for antibodies. Even Tucson companies that aren’t in bioscience stepped up. Universal Avionics provided space for the production of face masks and shields. World View pivoted from making stratospheric balloons to sewing medical isolation gowns.

Your  commercial space needs may look quite different both in the short term and long term as you and your workforce adjust to the effects of the COVID-19 disruption. Here at Commercial Real Estate Group of Tucson, Michael Coretz shares changes that address two major issues: Where most of your employees will work from now on and health protections they will expect when they do have to come into the office.

One of the lessons that business owners with Tucson lease contracts have learned from the COVID-19 disruption is that the ability to be flexible and responsive are crucial to survive. These apply right now as you assess whether you want to hang on to your current location or find new space to match the new realities of your business operations. Here are some of the opportunities expected to emerge and how you can take advantage.