Located just across the border from Mexico, McAllen has turned into a major spot for international trade, as it earned a designation as a foreign trade zone after the North American Free Trade Agreement went into effect. Retail is by far the leading industry in the area, with education, hospitality and food services right behind.
McAllen’s unemployment rate is right around the national average and job creation lags the national number just a bit. Still, with so many opportunities in the area, business owners would be wise to consider McAllen as a potential spot for expansion. The area has pushed to develop opportunities for companies in manufacturing and other industrial pursuits, too. If you want warehouse space to rent, then McAllen offers fantastic locations. Several of the country’s top manufacturers have locations in McAllen or nearby Reynosa.
The city also wants to attract more professional businesses looking for office space for rent in the area. It boasts recent investments in technology infrastructure and has been one of the fastest-growing areas in Texas for several years.
You will find a unique location for your business when you expand or move into McAllen. The newly built Mexican transcontinental highway that goes through McAllen sees millions of cars each year, and many of them stop at the restaurants and hotels alongside the road.
Some two million people live in the area, meaning a large pool of potential employees. Electronics, aerospace and the auto industry all have robust presences, and the local economic development office can assist you with obtaining incentives to build your business in McAllen. For industries in need of transportation, nearby highways, airports, buses, rails and a seaport make it simple.
We have a global network of more than 3,000 professionals working for us, and all of them specialize in the market where they live. Since our agents both work and reside in these areas, they know the ins and outs of the local real estate market. They can assist you with finding a hidden gem for an excellent price or steer you away from an area that may not meet your financial or space needs.
Whether you need retail space for lease or to buy, we know where to find it. We love stepping up to meet the challenges laid out by our clients and getting them into a space where their businesses can thrive. Seeing you succeed with your new commercial real estate is the best reward of all, and we know you will love becoming a part of the McAllen community.
Are you interested in learning more about McAllen? Take a look at our statistics and data about the local market to help you decide where you would like to look for your commercial space. We also can answer any questions you may have about the city. Contact us to reach a McAllen agent today.