Figures

El Paso Industrial Figures Q4 2023

January 8, 2024 10 Minute Read

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  • Q4 2023 recorded 360,820 sq. ft. of net absorption. Total annual net absorption was 3.0 million sq. ft.
  • Market-wide vacancy increased by 40 bps to 3.7%.
  • The market-wide asking rent reached a new record high while the Class A asking rent remained stable.
  • Almost 5.0 million sq. ft. of industrial space, most of which was speculative, remained under construction at the end of Q4 2023.