• Q4 2020 closed with 51,760 sq. ft. of net absorption and a 2020 total annual net absorption of 1.3 million sq. ft., the 3rd largest annual figure recorded in the market.
  • The market-wide vacancy rate fell to a new record low of 2.8%, 10 basis points below the previous record set in Q3 2020.
  • The market-wide, Class A and Class B asking rates dipped slightly after hitting record highs in Q3 2020.
  • Q4 2020 finished with 12 projects and 3.6 million sq. ft. of industrial space under construction, the largest amount seen in the El Paso Industrial market.