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CBRE: McAllen area industrial market 2Q 2015CBRE: McAllen area industrial market 2Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3082015-07-21T09:56:00Z2015-07-21T11:00:00Z

McALLEN - McAllen’s industrial market continued in transition after recording 259,522 sf of positive net absorption in second quarter 2015, the second largest quarterly net gain in area demand seen this cycle.

This progressive activity pushed vacancy down to single digits reaching 9.7 percent.

CBRE: McAllen Industrial Market 2Q 2015
Market Rentable
Area
(SF)
Vacancy
Rate
Availability
Rate
Net Absorp.
(SF)
Net Avg.
Asking
Rates
(SF/Yr
.)
McAllen 11,497,339 9.9% 11.3% 172,522 $3.88
Pharr 3,598,958 4.0% 4.7% 0 $6.16
Edinburg 2,245,771 12.4% 13.4% 0 $3.12
Hidalgo 1,435,748 12.8% 12.8% 50,000 $4.14
Mission 1,486,640 7.7% 25.9% 37,000 $4.22
Off-Park 2,283,597 14.4% 17.5% 0 $4.01
Totals 22,548,053 9.7% 12.1% 259,522 $4.10


Source: CBRE Research 2Q 2015

Full report? See Industrial MarketView 2Q 2015 (PDF)

More stats or stories? Visit McAllen Market Research and McAllen NewsTalk.

CBRE
McAllen-Edinburg-Mission
Industrial
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