CBRE: McAllen industrial marketview 4Q 2015: healthyCBRE: McAllen industrial marketview 4Q 2015: healthyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=118072016-01-21T06:00:00Z2016-01-21T21:00:00Z

​​​McALLEN - The final quarter of 2015 produced a healthy net absorption despite a lower number of transactions, according to CBRE’s McAllen Industrial MarketView report. 

Fourth quarter 2015 registered two deals larger than 100,000 sf ultimately contributing to the total 2015 annual net absorption of 592,970 sf which decreased total vacant sf by 25 percent.

Activity in 4Q 2015 decreased the overall market vacancy by 100 bps quarter-over-quarter and by 280 bps year-over-year to a new low of 8.5 percent.

The McAllen submarket was also the most active in 2015 after accounting for more than 50 percent, 310,229 sf, of total market annual net absorption. 

Mission, Hidalgo, and Pharr followed respectively, while Edinburg and Off-Park remained inactive for the year.

http://www.cbre.us/research/Pages/default.aspxFor the full report see McAllen Industrial MarketView 4Q 2015 (PDF)​Source: {Source}

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