RETAIL
Downtown $6.00 $12.00 $6.00 20.0%
Neighborhood Service Center $5.00 $18.00 $7.00 10.0%
Community Power Center $7.50 $18.00 $14.50 0.0%
Regional Malls $25.00 $50.00 $35.00 2.0%
DEVELOPMENT LAND Low High (Price/Acre)
In office park $87,120 $435,600
In Industrial park $35,000 $87,120
Office/Industrial-Non-park $35,000 $87,120
Retail/Commercial $174,240 $435,600
Residential $10,890 $63,340
HARLINGEN
/ BROWNSVILLE
AT-A-GLANCE
(Rent/space foot/year)
Low High Effective Avg Vacancy
DOWNTOWN
OFFICE
Class A $ 12.00 $13.80 $12.90 10.0%
Class B $3.60 $10.20 $7.00 60.0%
SUBURBAN
OFFICE
New Construction $12.00 $20.00 $15.00 5.0%
Class A $12.00 $18.00 $13.20 10.0%
Class B $9.60 $12.00 $10.00 20.0%
INDUSTRIAL
Bulk warehouse $3.00 $3.60 $3.30 5.0%
Manufacturing $3.60 $6.00 $4.00 15.0%
Flex $4.80 $12.00 $6.00 5.0%
|
Harlingen / Brownsville
Market Overview 2007 |
RETAIL
Downtown $4.00 $5.40 $4.70 60.0%
Neighborhood Service Center $10.20 $16.40 $13.20 10.0%
Community Power Center $7.00 $18.00 $17.40 10.0%
Regional Malls $15.40 $21.00 $17.40 5.0%
DEVELOPMENT LAND Low High (Price/Acre)
In office park $26,136 $217,800
In Industrial park $43,560 $87,800
Office/Industrial-Non-park $10,890 $130,000
Retail/Commercial $174,240 $435,600
Residential $10,890 $63,340
