CBRE: McAllen industrial market 1Q 2014
McALLEN – The McAllen industrial market includes 22.1 million sf of space spread across five major submarkets including Mission, Edinburg, Pharr, Hidalgo and McAllen.
CBRE Research reports a second consecutive quarter of positive net absorption in the McAllen industrial market. After a slow start in the first three quarters in 2013, McAllen has managed to stay afloat as it reports positive net absorption with only three reported vacancies in 1Q 2014.
The vacancy rate for industrial real estate in McAllen continued to decline in 1Q 2014 with 40,974 sf of net absorption across the market. The net absorption figure for 1Q 2014 surpassed the 8,126 sf reported during 1Q 2013.
Of the 160,305 sf of total gross absorption, the largest new deal signed was by Emerson Company for 48,000 sf in McAllen.
| Market | Rentable SF | Vacant SF | Vacancy Rate |
| McAllen | 11,667,051 | 1,870,111 | 16.0% |
| Pharr | 3,548,950 | 146,954 | 4.1% |
| Edinburg | 2,193,969 | 0 | 0.0% |
| Hidalgo | 1,434,498 | 208,100 | 14.5% |
| Mission | 1,162,080 | 0 | 0.0% |
| Other | 2,108,298 | 315,098 | 14.9% |
| Totals | 22,114,846 | 2,540,263 | 11.5% |
Read more at CBRE or see the full 1Q 2014 Industrial MarketView under Industrial in McAllen Market Data Sources.
You might also like
TG Magazine
Check out the latest issue of our flagship publication.