• The Q2 2020 McAllen Industrial Market net absorption decline compared Q1 2020 but the 2020 mid-year total net absorption was above the mid-year average of the past 11 years.
  • The market-wide vacancy rate was unchanged quarter-over-quarter and increased by 70 basis points, 177,000 sq. ft., year-over-year.
  • 1.6 million sq. ft. of space. This is 460,000 sq. ft. more than total available space and three times the total vacant space in the market. 
  • Quarter-over-quarter, the market-wide warehouse and manufacturing asking rate grew by $0.01 per sq. ft and by $0.08 per sq. ft annually, marking a new record high.
  • Space under construction consisted of 11 BTS projects totaling over 380,000 sq. ft. Seven projects, three BTS and four specs totaling 677,000 sq. ft., are in the planned construction pipeline.