| Brownsville-Harlingen 4Q 2014 retail report: Burbach | Brownsville-Harlingen 4Q 2014 retail report: Burbach | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=1467 | 2015-03-23T10:06:00Z | 2015-03-23T00:00:00Z |
BROWNSVILLE-HARLINGEN - In fourth quarter 2014, the total retail market contained nearly 13.3 million sf with a vacancy rate of 7.6 percent, according to Burbach & Associates and CoStar Group.
The average rental rate per sf was $13.35, with Greater Harlingen coming in at $13.22 per sf.
Brownsville-Harlingen Retail Market Summary
4Q 2014
|
Market |
SF (000) |
Vacancy |
Rate/SF |
|
General retail |
7,626 |
5.6% |
$12.71 |
|
Mall |
1,412 |
6.7% |
$19.00 |
|
Power center |
916 |
2.7% |
$18.71 |
|
Shopping center |
3,342 |
13.7% |
$12.50 |
|
CBD Brownsville |
1,110 |
10.9% |
$9.89 |
|
CBD Harlingen |
202 |
14.8% |
N/A |
|
Greater Brownsville |
7,523 |
6.8% |
$14.00 |
|
Greater Harlingen |
4,460 |
7.7% |
$13.22 |
|
Total |
13,295 |
7.6% |
$13.35 |
Source: Burbach & Associates, CoStar Group
For more stats, see Office, Retail and Industrial under Brownsville-Harlingen Market Research.
| Burbach ＆ Associates Inc.
| Brownsville-Harlingen
| Retail
| https://www.recenter.tamu.edu/Pages/market-research.aspx | | | | Read more at {Source} |
