Retail: Texas Annual Rent Growth Positive

Reis Inc.’s preliminary Q4 2018 report noted that, nationwide, retail vacancy rates remained unchanged quarter over quarter, while rent growth was more or less flat. Still, this wasn’t bad news; “many may recall that store closure announcements for Sears, Kmart, JC Penney . . . dominated the news at the end of 2017 . . .” with soaring vacancy rates and plummeting rents. This did not happen.

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McAllen industrial vacancy drops to historic low

McALLEN – Local industrial vancy fell to 2.4 percent last quarter, a new record low, according to CBRE’s “4Q 2018 McAllen Industrial MarketView.”

Fourth quarter 2018 net absorption increased compared with the previous quarter and pushed the annual net absorption 230,000 sf above the 2017 total.

The overall industrial average asking rate declined $0.12 per sf quarter over quarter while the warehousing and manufacturing space asking rate increased by $0.07 per sf.

The quarter closed with users seeking almost 1.6 million sf of space. This is only 111,000 sf less than total available sf and more than double the total vacant sf in the market.

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Boom! Rents in West Texas oil patch increase 21.3 percent in 2018

Think your rent is going up in the Dallas-Fort Worth area? Try Midland-Odessa, where the growth in the Permian Basin oil boom has caused rents to accelerate 21.3 percent.

The annual pace of U.S. apartment rent growth accelerated to 3.3 percent in the fourth quarter, according to Richardson-based real estate technology and analytics firm RealPage Inc. (NASDAQ: RP). Momentum in annual rent growth proved substantial in the last half of the year, pushing 2018’s performance ahead of the 2.5 percent growth recorded in 2017.

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Economic Development Incentives & Site Selection: Getting Down to Business

Economic Development Agencies make it their mission to attract new businesses to their community. For that reason, they are an incredible resource for identifying which economic development incentives a business may qualify for.

For commercial real estate developers, learning about the various opportunities can be a game-changer when doing site selection within a region. When the right program matches with the right business, economic development incentives can be big wins for all parties involved.

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