Figures

McAllen Industrial Figures Q4 2022

January 19, 2023

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  • Q4 2022 closed with 194,387 sq. ft. of net absorption.
  • The market-wide average asking rate marked a new record high of $5.93 per sq. ft. The Class B asking rent, which was at a record high in Q3 2022, saw a quarter-over-quarter increase of $0.14 per sq. ft.
  • Demand for industrial space in the market reached a new high point of just under 3.0 million sq. ft. after a quarter-over-quarter increase of 570,000 sq. ft.