McAllen industrial vacancy at record lowMcAllen industrial vacancy at record lowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=198002018-04-12T05:00:00Z2018-04-12T21:00:00Z

​​​​​​​​​McALLEN – The local industrial vacancy rate dropped to a record-low 3 percent in first quarter 2018, according to​ a CBRE market report. 

​​​Last quarter, 60,000 sf of industrial space delivered. Currently, 235,000 sf of space is under construction​. The market absorbed 78,779 sf, a 24,000-sf year-over-year increase. 

The average asking rate for local industrial space is $4.54 per sf, up $0.40 from first quarter 2017. ​

https://www.cbre.com/report-download?PUBID=c79f0a17-9415-4fe8-a14d-024d282f6296Read more at {Source}

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