Sep 2, 2014
Brownsville-Harlingen retail 2Q 2014: Burbach
BROWNSVILLE-HARLINGEN - In second quarter 2014, the total retail market contained nearly 13.1 million sf with a vacancy rate of 7.4 percent, according to Burbach & Associates and CoStar Group....
BROWNSVILLE-HARLINGEN – In second quarter 2014, the total retail market contained nearly 13.1 million sf with a vacancy rate of 7.4 percent, according to Burbach & Associates and CoStar Group.
The average rental rate per sf was $12.63, with Greater Harlingen coming in at $11.30 per sf.
| Market | SF (000) | Vacancy | Rate/SF |
| General retail | 7,485 | 5.7% | $12.29 |
| Mall | 1,412 | 2.7% | $19.00 |
| Power center | 916 | 3.6% | $18.54 |
| Shopping center | 3,256 | 14.4% | $12.30 |
| CBD Brownsville | 1,050 | 11.4% | $9.99 |
| CBD Harlingen | 202 | 18.2% | N/A |
| Greater Brownsville | 7,393 | 7.0% | $14.16 |
| Greater Harlingen | 4,424 | 6.5% | $11.30 |
| Total | 13,069 | 7.4% | $12.63 |
Source: Burbach & Associates, CoStar Group
Click here to see the report.
For more stats, see Office, Retail and Industrial under Brownsville-Harlingen Market Data Sources.
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