RETAIL
Downtown $10.00 $21.00 $20.50
| 15.0%
Neighborhood Service Center $12.00 $22.00 $23.00
| 12.0%
Community Power Center $15.00 $32.00 $31.00
|
15.0%
Regional Malls $30.00 $100.00 $80.00
| 4.0%
DEVELOPMENT LAND Low High (Price/Acre)
In office park $174,240 $566,280
In Industrial park $54,450 $130,680
Office/Industrial-Non-park $43,560 $65,340
Retail/Commercial $240,000 $914,760
Residential $21,000 $82,000
HARLINGEN
/ BROWNSVILLE
AT-A-GLANCE
(Rent/space foot/year)
Low High Effective Avg | Vacancy
DOWNTOWN
OFFICE
Class A $ 15.00 $21.00 $18.00 | 10.0%
Class B $10.00 $12.00 $11.00 | 20.0%
SUBURBAN
OFFICE
New Construction $12.00 $20.00 $16.00 |
15.0%
Class A $12.00 $20.00 $16.00 | 3.0%
Class B $10.00 $12.00 $11.00 | 10.0%
INDUSTRIAL
Bulk warehouse $2.40 $5.25 $3.83 | 10.0%
Manufacturing $3.00 $6.00 $4.50 | 10.0%
Flex $3.00 $12.00 $7.50 | 5.0%
|
Harlingen / Brownsville
Market Overview 2009 |
RETAIL
Downtown $4.80 $15.00 $9.90
| 5.0%
Neighborhood Service Center $8.00 $12.00 $10.00
| 5.0%
Community Power Center $12.00 $18.00 $15.00
|
5.0%
Regional Malls $30.00 $55.00 $42.50
| 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 $35,000 $90,000
