McAllen industrial absorption remains strongMcAllen industrial absorption remains stronghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=207602018-08-03T05:00:00Z2018-08-03T15:00:00Z

​​McALLEN – Local industrial net absorption fell to negative 7,891 sf in second quarter 2018, but activity remained healthy, according to a CBRE report. 

​​The vacancy rate increased from first quarter's record low of 3 percent to 3.5 percent, still well below the historical average of 9.6 percent.

Average asking rents declined, hitting $4.47 per sf. Class A asking rents are up to $4.78. 

In the second quarter, 50,000 sf of industrial space was delivered. There was 585,000 sf under construction. 

https://www.cbre.us/research-and-reports/McAllen-Industrial-MarketView-Q2-2018Read more at {Source}

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