CBRE has released the Q4 2017 McAllen Industrial MarketView, which is available for download at cbre.com/research. Below is a summary of key Q4 highlights.
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.
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