• The McAllen Industrial Market registered negative net absorption of 88,533 sq. ft., only the third time the market has had negative quarterly absorption in the past five years.

  • Activity during the quarter consisted of five new leases, three renewals, and a user sale.

  • The market-wide vacancy rate was up by 140 basis points quarter-over-quarter.

  • The market-wide average asking rent increased by $0.03 per sq. ft. quarter-over-quarter and by $0.06per sq. ft. year-over-year.

  • Q2 2021 closed with over 1.7 million sq. ft. of user demand for industrial space.