New World Plaza is situated at the northwest corner of Broadway and Rosemont in Tucson’s “East Central” office sub-market. This is the largest of Tucson’s office sub-markets with 10.4 million square feet of inventory and posting a year-end occupancy rate of 89%, compared to 88% overall in the city. Average rents in this sub-market are in the $22 - $23.50 SF per year range.
New World Plaza is comprised of four interconnected garden-style office buildings totaling ± 91,865 square feet and includes two well appointed interior courtyards for the tenant’s enjoyment. Currently, New World Plaza is roughly 89% occupied and the major tenants have all renewed. Net Operating Income increased during 2024 is over $100,000 from the year before.
There are 238 uncovered and 198 covered parking spaces for a total of 436 parking spaces. The buildings were constructed in 1974 and have been professionally managed and exceptionally well maintained.