Mar 2, 2015
McAllen-Edinburg-Pharr office 4Q 2014: Burbach
McALLEN, EDINBURG, PHARR - The local office market contained nearly 6.9 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate...
McALLEN, EDINBURG, PHARR – The local office market contained nearly 6.9 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate was 9.2 percent in 4Q 2014.
The average total market rental rate was $14.59 per sf, with Greater McAllen featuring $14.31 per sf.
| Market | SF (000) | Vacancy | Rate/SF |
| Class A | 211 | 7.4% | $22.78 |
| Class B | 5,467 | 8.8% | $14.45 |
| Class C | 1,249 | 11.6% | $12.24 |
| CBD McAllen | 538 | 15.0% | $10.58 |
| Greater McAllen | 4,371 | 7.2% | $14.31 |
| Edinburg | 1,495 | 13.7% | $15.37 |
| Pharr | 523 | 8.1% | $12.36 |
| Total | 6,927 | 9.2% | $14.59 |
Source: Burbach & Associates, CoStar Group
For more stats, see Office, Retail and Industrial under McAllen-Edinburg-Mission Market Research.
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