|El Paso industrial 'back in black': net absorption rebounds||El Paso industrial 'back in black': net absorption rebounds||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14858||2016-10-18T05:00:00Z||2016-10-18T20:20:00Z|
EL PASO - The local market saw positive net absorption this quarter after registering its first negative net absorption in 2Q 2016 since the recovery began in early 2014, according to CBRE’s latest MarketView report.
Overall industrial vacancy remained flat at 8.7 percent. Vacancy for competitive, Class A space of 100,000 sf or less is the tightest segment at 2.1 percent.
Market-wide average asking rents remained above record-high levels. Average rents still pushed up by $0.13 per sf, or 3.2 percent, compared to a year ago.
New construction projects have started moving dirt—including the 100,000-sf build-to-suit warehouse project near the Ysleta Port of Entry and the 215,000-sf FedEx distribution center.
|CBRE||El Paso||Industrial|| http://www.cbre.us/research/Pages/default.aspx|
Click to see the full CBRE El Paso Industrial MarketView 3Q 2016 (PDF).
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