• The McAllen Industrial Market registered positive net absorption of 56,437 sq. ft. and 267,500 sq. ft. of gross absorption in Q1 2021.
  • Activity during the quarter consisted of three new leases and the delivery of three build-to-suit projects.
  • The market-wide vacancy rate was up by 50 basis points quarter-over-quarter.
  • The market-wide average asking rent declined by $0.04 per sq. ft. year-over-year and increased by $0.11 per sq. ft. quarter-over-quarter.
  • Q1 2021 closed with four projects, 2 build-to-suit and two speculative, still under construction.