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McAllen/Mission, Texas

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Rio Grande Valley
Last Updated: 22-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 12.00 $ 25.00 $ 24.50 70.0% N/A
Class A (Prime) $ 12.00 $ 25.00 $ 24.50 70.0% N/A
Class B (Secondary) $ 8.00 $ 15.00 $ 15.50 20.0% N/A
 
Suburban Office
New Construction (AAA) $ 12.00 $ 36.00 $ 30.00 15.0% N/A
Class A (Prime) $ 10.00 $ 21.00 $ 20.50 25.0% N/A
Class B (Secondary) $ 8.00 $ 16.00 $ 16.00 12.0% N/A
 
Industrial
Bulk Warehouse $ 3.30 $ 7.80 $ 7.20 15.0% N/A
Manufacturing $ 4.25 $ 11.00 $ 9.75 6.0% N/A
High Tech / R&D $ 5.00 $ 8.00 $ 9.00 10.0% N/A
 
Retail
Downtown $ 10.00 $ 21.00 $ 20.50 15.0% N/A
Neigborhood Service Centers $ 12.00 $ 22.00 $ 23.00 12.0% N/A
Community Power Center $ 15.00 $ 32.00 $ 31.00 15.0% N/A
Regional Malls $ 30.00 $ 100.00 $ 80.00 4.0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD N/A N/A
Land in Office Parks $ 174,000 $ 566,000
Land in Industrial Parks $ 54,000 $ 130,000
Office/Industrial Land - Non-park $ 43,500 $ 65,000
Retail/Commercial Land $ 240,000 $ 914,000
Residential $ 21,000 $ 82,000

Footnote: Rio Grande Valley/Brownsville/Roma/Mexico-Matamoros/Rio Bravo/Reynosa MSA's (Rio South Texas) Population - 3.3 Million
 

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