CBRE Research: Record lows and highs in McAllen industrial market, solid fundamentals at year-end

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.

To learn more about CBRE Research, or to access additional research reports, please visit the Global Research Gateway at www.cbre.com/research.

More Info: https://www.cbre.com/report-download?PUBID=af1d7ec0-c225-4ce8-b985-a914eb53016e