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McAllen-Edinburg-Pharr office 4Q 2014: BurbachMcAllen-Edinburg-Pharr office 4Q 2014: Burbachhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=16072015-03-02T09:13:00Z2015-03-02T00:00:00Z

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.

McAllen, Edinburg, Pharr Office Market Summary 4Q 2014
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.

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

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