Mar 2, 2015
Brownsville-Harlingen 4Q 2014 office report: Burbach
BROWNSVILLE-HARLINGEN - The local office market contained nearly 3.2 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate was 9.7...
BROWNSVILLE-HARLINGEN – The local office market contained nearly 3.2 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate was 9.7 percent in 4Q 2014.
The average total market rental rate was $14.07 per sf, with Greater Harlingen featuring $12.17 per sf.
| Market | SF (000) | Vacancy | Rate/SF |
| Class A | 125 | 39.6% | $18.63 |
| Class B | 2,245 | 8.1% | $14.54 |
| Class C | 872 | 9.4% | $9.86 |
| CBD Brownsville | 364 | 1.4% | $8.67 |
| CBD Harlingen | 270 | 3.9% | $11.70 |
| Greater Brownsville | 1,448 | 11.5% | $16.67 |
| Greater Harlingen | 1,160 | 11.3% | $12.17 |
| Total | 3,242 | 9.7% | $14.07 |
Source: Burbach & Associates, CoStar Group
For more stats, see Office, Retail and Industrial under Brownsville-Harlingen Market Research.
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