• Following a rare quarter of negative absorption, the McAllen Industrial Market registered positive net absorption of 222,499 sq. ft.
  • Activity during the quarter consisted of eight new leases and two user sales.
  • The market-wide vacancy rate was down by 30 basis points quarter-over-quarter.
  • The quarter closed with over 1.7 million sq. ft. of user demand for industrial space.
  • Q3 2021 closed with three projects, a total of 216,672 sq. ft., still under construction.