McAllen industrial snapshot: 1Q 2013McAllen industrial snapshot: 1Q 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=63272013-09-17T06:41:00Z2013-09-16T10:00:00Z

McALLEN - South Texas Commercial Real Estate has compiled an overview of McAllen's industrial market for first quarter 2013. Here's a taste of what you will find in the full report under industrial in McAllen-Edinburg-Mission Market Data Sources.

McAllen MSA Industrial Market Overview
Statistics Industrial
Total SF 14,729,582 SF
Vacancy rate 11.78%
Under construction* 175,000 SF
Standard Class A/B rent rate** $0.28 to $0.32/SF/month
Standard Class B/C rent rate** $0.25 to $0.28/SF/month
Net absorption -133,101 SF
Gross absorption YTD*** 259,257 SF

*Includes speculative construction, owner-occupied construction, and build-to-suit for lease construction.
**Average Lease Rate (NNN Lease) will vary based on size and quality of building, location of building, lease term, financial strength of tenant, and improvements required by tenant.
***Includes all buildings leased, vacant buildings sold and build-to-suit to own or lease.

See the full 1Q 2013 report.

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