• The McAllen Industrial Market registered positive net absorption of 153,100 sq. ft. in Q3 2020, an increase of 145,100 sq. ft. compared to Q2 2020 and 66,800 year-over-year.
  • The market-wide vacancy rate was up by 20 basis points quarter-over-quarter.
  • At the end of Q3 2020, less than 20 buildings contained any vacant space.
  • Q3 2020 closed with seven projects, all BTS, still under construction. Five projects are new developments and two are expansions of existing buildings.
  • The market-wide average asking rate remained flat falling by just $0.01 per sq. ft. compared to the record high rate set in Q2 2020. During this same time, the Class A asking rate increased by $0.15 per sq. ft. to $5.28 per sq. ft.