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El Paso industrial market hits record-low vacancy, record-high rents El Paso industrial market hits record-low vacancy, record-high rents https://www.recenter.tamu.edu/news/newstalk-texas/?Item=237062020-01-14T06:00:00Z2020-01-15T21:00:00Z

​EL PASO – The local industrial market closed out the year with record-low vacancy and record-high rents, according to CBRE.

Fourth quarter data for El Paso's industrial market

High levels of activity decreased vacancy to 4 percent. Class A vacancy fell to 8.2 percent, a record low for the current cycle.

Net absorption for the quarter fell to 222,734 sf but remained above the ten-year quarterly average.

Decreasing availability has pushed marketwide average asking rents to $5.07 per sf, a $0.69 per sf increase from last year.   

There is 706,000 sf of space under construction.

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Source: CBRE
CBRE
El Paso
Industrial
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