• Absorption in the McAllen Industrial Market slipped into negative territory, closing the quarter at (7,891) sq. ft.
  • Compared to Q1 2018, the market vacancy increased from 3.0% to 3.5% but remained at relatively low levels.
  • Market-wide average asking rates decreased by $0.01 per sq. ft. quarter-over-quarter and Class A asking rents increased by $0.21 per sq. ft.
  • Demand for space in the McAllen Industrial Market declined compared to Q1 2018 but remained above the 15-quarter trailing average.