Allen & McKinney Office Market Q1/2019

Allen & McKinney Texas Office Map

Allen Office Market Q1/2019 Allen and McKinney Texas office market continues to expand, adding 306K SF in new inventory in the first quarter. There are 118 office buildings with 27.1K SF of space under construction and a scheduled to deliver in 2019 and early 2020. The first quarter of 2019 saw a decrease in the vacancy of 4.1%. Allen and McKinney's office market is strong. There appears to be a decrease in asking rental rates that are dipping below actual market rates. The demand forAllen & McKinney office space appears to be slowing. This is evident with the .03% decrease in rental rates this quarter.

Important Quarterly Statistics: Total Inventory: 3.4M a 9.0% Increase for the quarter

Vacancy Rate: 27.1% Increased 4.1% for the quarter

Market Rent: $26.89 Per SF .3% decrease for the quarter

Market Sales Price: 240 Per SF +5.7% for the quarter

Market Cap Rate: 6.6% Increased 0% increase for the quarter

(Source: Costar)

Allen & McKinney Office Space Under Construction

Allen & McKinney Q1/2019 Market Rent & Gross Rent

Allen & McKinney Q1/2019 Leasing Activity

Allen & McKinney Net Absorption, Net Deliveries & Vacancy Q1/2019

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