We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » CBRE El Paso Industrial MarketView Q4 2018
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

CBRE El Paso Industrial MarketView Q4 2018

January 16, 2019
No Comments

2018 closes with new record highs and lows

RECORD ABSORPTION, VACANCY HITS NEW LOW

The year closed with the highest annual net absorption recorded for the El Paso Industrial Market since CBRE began tracking it. 2018 registered 2.5 million sq. ft. of net absorption, nearly 1.0 million sq. ft. larger than the previous high seen in 2015. Q4 2018 absorption fell just 13,000 sq. ft. short of the record high quarterly net absorption seen in Q3 2018. The market-wide vacancy rate fell by 160 basis points (bps) quarter-over-quarter and by 230 bps year-over-year, making it the lowest vacancy rate recorded since CBRE began tracking the market. Class A product saw the most significant year-over-year decline, falling from 14.1% in Q4 2017 to 8.7%.

LARGE TRANSACTIONS DRIVE MARKET ACTIVITY

The market registered over 1.7 million sq. ft. of activity across 28 transactions during the quarter. New leases and users sales accounted for 75% of activity. Two big-box vacancies (spaces larger than 200,000 sq. ft.) were leased or sold during Q4 2018 and pushed market-wide and Class A vacancy rates down. The market also saw three leases above 100,000 sq. ft. and three deals above 50,000 sq. ft.

ASKING RENTS CLIMB HIGHER AS VACANCY FALLS

Average asking rents saw quarterly and annual increases in all classes and submarkets. Marketwide rates grew by $0.20 per sq. ft. quarter-over quarter and by $0.35 per sq. ft. year-over-year. Class A product had the highest growth rate, increasing by $0.21 per sq. ft. since Q3 2018 and by $0.39 per sq. ft. year-over-year. Asking rates are experiencing upward pressure as available space continues to decline, with only one speculative project under construction. Vacancy rate compression occurred across all submarkets which, except for the West submarket, marked or approached new record low vacancy rates in Q4 2018.

More Info: https://www.cbre.us/research-and-reports/El-Paso-Industrial-MarketView-Q4-2018

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    CBRE Q3 2019 El Paso Industrial MarketView

    CBRE Austin Q4 2018 Industrial MarketView

    CBRE San Antonio Industrial MarketView Q4 2018

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Thriving in the long haul: interview with Colin Yankee

Now Playing on DCV-TV

2mw 01 18 21 thumb

LTL Carriers Using Yield Management Techniques to Identify New Accessorial Charges

DCV-TV 4: Viewer Contributed
As we head into 2021, shippers are not too optimistic about negotiating rates with their carriers. The reason for this, as highlighted in the three CODE RED Webcasts we've hosted with our friends from CSCMP and NASSTRAC, is that in today's transportation marketplace, shippers are operating in uncharted waters. With...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing