McAllen Industrial Healthy, Despite Negative Absorption

The McAllen, TX industrial sector experienced negative absorption in Q2 2018, with 7,891 square feet coming back onto the market. However, according to researchers at CBRE, McAllen industrial remains healthy, with vacancy at 3.5% and approximately 585,000 square feet under construction.

Seven leases were signed during the quarter, as was a renewal, with 500,000 square feet of lease and sales deals transacted. This was double the velocity of Q2 2018, and quadruple that of Q1 2018.

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