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Brownsville-Harlingen 4Q 2014 office report: BurbachBrownsville-Harlingen 4Q 2014 office report: Burbachhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15982015-03-02T12:28:00Z2015-03-02T07:55:00Z

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.

Brownsville-Harlingen Office Market Summary
4Q 2014
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.

Burbach & Associates Inc.
Brownsville-Harlingen
Office
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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