EL PASO – CBRE has released its El Paso Industrial MarketView Second Quarter 2017 report.
The local market saw positive net absorption that was higher than the combined total of the previous four quarters and was just shy of the total annual net absorption of 2016.
Vacancy decreased by 80 basis points (bps) quarter-over-quarter and by 70 bps year-over-year.
The 2Q 2017 vacancy is the lowest quarterly rate in the current expansion cycle.
Leasing activity, which totaled over 1.1 million sf, was driven by new transactions accounting for 32 percent of all activity.
Check out CBRE's El Paso website for more.
Check out CBRE's El Paso Industrial MarketView 2Q 2017 report.
See Ciudad Juarez Industrial MarketView 2Q 2017.
Don't forget to check out El Paso Industrial Market Research.
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