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El Paso CBRE industrial 4Q 2013El Paso CBRE industrial 4Q 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=50592014-02-04T07:23:00Z2014-02-04T00:00:00Z

EL PASO - El Paso's industrial vacancy rate increased to 14.4 percent at the end of 2013, compared to 13.9 percent at the end of 2012, according to CBRE Group.

The closure of the 418,000-sf Eureka warehouse in the Lower Valley is part of the reason the vacancy rate increased in 4Q 2013. The largest new lease in 4Q 2013 was by manufacturer Handgards Inc. for 126,000 sf in Northeast El Paso.

In Juarez, the industrial vacancy rate decreased to 10.4 percent. It was 15 percent at the beginning of 2013. TPI Composites had the largest new lease for 189,000 sf. It also absorbed 98,000 sf for an expansion.

Market Rentable
Area (SF)
Vacancy
Rate
Availability Net
Absorption
(SF)
Deliveries
(SF)
SF Under
Const.
Avg. Asking
Rate
($/SF/Year)
El Paso Industrial Market Statistics 4Q 2013
West 7,272,653 5.0% 8.6% 58,000 58,000 80,000 $3.66
Northeast 9,002,943 17.5% 20.0% 233,104 0 0 $3.22
Central 13,789,635 6.4% 8.8% 41,750 0 0 $3.17
East 18,147,069 16.1% 17.9% -53,554 0 23,280 $3.76
Lower Valley 6,252,369 33.1% 34.8% -418,500 0 0 $3.94
Total 54,464,669 14.4% 16.7% -139,200 58,000 103,280 $3.62


For the complete page from CBRE, see El Paso Market Data SourcesĀ Industrial MarketView Preview.

El Paso Times
El Paso
Industrial
http://www.elpasotimes.com/business/ci_24872143/industrial-vacancy-rate-up-el-paso-down-juarezRead more at {Source}

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