Jul 21, 2015
CBRE: McAllen area industrial market 2Q 2015
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...
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.
| 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.
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