Mar 13, 2015
McAllen-Edinburg-Pharr retail 4Q 2014: Burbach
McALLEN, EDINBURG, PHARR - The local retail market contained nearly 19.6 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate...
McALLEN, EDINBURG, PHARR – The local retail market contained nearly 19.6 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate was 6.2 percent in 4Q 2014.
The average total market rental rate was $14.88 per sf, with Greater McAllen showing $15.49 per sf.
| Market | SF (000) | Vacancy | Rate/SF |
| General retail | 9,867 | 5.0% | $12.87 |
| Mall | 2,205 | 4.5% | N/A |
| Power center | 1,669 | 3.6% | $22.56 |
| Shopping center | 5,627 | 10.0% | $16.45 |
| CBD McAllen | 1,278 | 7.1% | $10.72 |
| Greater McAllen | 12,942 | 6.2% | $15.49 |
| Edinburg | 3,417 | 5.0% | $14.32 |
| Pharr | 1,957 | 8.3% | $12.61 |
| Total | 19,594 | 6.2% | $14.88 |
Source: Burbach & Associates, CoStar Group
For more stats, see Office, Retail and Industrial under McAllen-Edinburg-Mission Market Research.
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