McAllen Industrial MarketView Q4 2017
- McAllen closed the quarter with more than 234,000 sq. ft. of net absorption, the largest fourth-quarter net absorption in the current cycle.
- Compared to Q3 2017, the market vacancy rate fell from 3.8% to 3.1%, a new record low.
- Market-wide average asking rates increased by $0.14 per sq. ft. quarter-over-quarter and Class A asking rents increased by $0.05 per sq. ft.
- Demand for industrial space decreased slightly compared to the previous quarter but remained above average.