Mar 13, 2015
Brownsville-Harlingen 4Q 2014 industrial report: Burbach
BROWNSVILLE-HARLINGEN - In fourth quarter 2014, the total industrial market contained nearly 10.2 million sf with a vacancy rate of 14.0 percent, according to Burbach & Associates and CoStar Group....
BROWNSVILLE-HARLINGEN – In fourth quarter 2014, the total industrial market contained nearly 10.2 million sf with a vacancy rate of 14.0 percent, according to Burbach & Associates and CoStar Group.
The average rental rate per sf was $3.62, with Greater Harlingen coming in at $3.22 per sf.
| Market | SF (000) | Vacancy | Rate/SF |
| Warehouse space | 10,077 | 14.2% | $3.62 |
| Flex space | 145 | 0.0% | N/A |
| CBD Brownsville | 367 | 17.2% | $4.20 |
| CBD Harlingen | 12 | 0.0% | N/A |
| Greater Brownsville | 8,173 | 13.7% | $3.69 |
| Greater Harlingen | 1,670 | 14.9% | $3.22 |
| Total | 10,222 | 14.0% | $3.62 |
Source: Burbach & Associates, CoStar Group
For more stats, see Brownsville-Harlingen Market Research.
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