EL PASO – Industrial rents were up $0.04 over the quarter to $4.06 per sf, according to a new CBRE market report.
Second quarter net absorption tripled to 436,979 sf since last quarter but is still 100,000 sf less than this time last year. Vacancy remained steady at 7.9 percent.
There was 586,500 sf of industrial space underway across the metro, and 102,189 sf was delivered.
Class A industrial rents hit a new record of $4.50 per sf in second quarter 2018.
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