{{titleBar.title}}

{{titleBar.tagline}}

 

 

CBRE: McAllen area industrial market 1Q 2015CBRE: McAllen area industrial market 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=5352015-06-30T10:16:00Z2015-06-30T07:00:00Z

McALLEN - The McAllen industrial market started 2015 with positive net absorption.

The 21,600 sf of net absorption continued to decrease the market vacancy rate to 10.7 percent in 1Q 2015.

Though the reported net absorption is relatively small, market activity managed to offset 120,000 sf of newly vacated space and ultimately produced a sixth consecutive quarter of positive net absorption.

CBRE: McAllen Industrial Market 1Q 2015
Market Rentable
Area
(SF)
Vacancy
Rate
Availability
Rate
Net Absorp.
(SF)
Net Avg.
Asking
Rates
(SF/Yr
.)
McAllen 11,497,339 11.4% 12.8% -1,600 $3.85
Pharr 3,598,958 4.0% 6.1% 23,250 $5.62
Edinburg 2,245,771 12.4% 13.4% 0 $3.12
Hidalgo 1,435,748 16.3% 16.3% 0 $4.08
Mission 1,436,640 7.1% 25.9% 0 $4.20
Off-Park 2,283,597 14.4% 17.5% 0 $4.01
Totals 22,498,053 10.7% 13.3% 21,600 $4.06


Source: CBRE Research 1Q 2015

Full report? See Industrial MarketView 1Q 2015 (PDF)

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

CBRE
McAllen-Edinburg-Mission
Industrial
http://www.cbre.us/research/Pages/local-reports.aspxRead more at {Source}

 Search NewsTalk Texas