Jan 30, 2015
CBRE: El Paso industrial 4Q 2014
EL PASO - The industrial real estate market in El Paso reports a third consecutive quarter of strong activity in fourth quarter 2014. Total transactions recorded 442,697 sf of positive...
EL PASO – The industrial real estate market in El Paso reports a third consecutive quarter of strong activity in fourth quarter 2014.
Total transactions recorded 442,697 sf of positive net absorption.
This helped El Paso industrial close 2014 on a strong note outperforming the previous six years with a year-to-date net absorption of 784,961 sf and a vacancy rate of 12.5 percent.
| Market | Rentable Area (SF) | Vacancy Rate | Availability Rate | Net Absorption (SF) | Asking Lease Rates ($/SF/Year) |
| West | 7,304,124 | 7.0% | 7.0% | 36,108 | $4.23 |
| Northeast | 8,943,856 | 13.9% | 20.2% | 197,209 | $3.38 |
| Central | 13,788,135 | 5.3% | 6.6% | 45,000 | $2.97 |
| East | 18,166,890 | 13.8% | 17.8% | 48,380 | $3.87 |
| Lower Valley | 6,252,369 | 29.5% | 32.5% | 116,000 | $4.06 |
| Total | 54,455,374 | 12.5% | 15.6% | 442,697 | $3.79 |
Source: CBRE Research 4Q 2014
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