This week the Radius+ team took a closer look at the McAllen-Edinburg-Mission, TX CBSA.
Historical Supply Growth in McAllen-Edinburg-Mission, TX CBSA:
2020: 4%
2021: 3.3%
2022: 5%
2023: 5.7%
2024: 13.3%
2025: 5%
2026: 0%
McAllen has seen tremendous supply growth from 2022 through 2025, with 13.5% new supply added in 2024 alone. Located in the Rio Grande Valley, the region is one of the fastest-growing metros in the country, with the population expected to double by 2045. Proximity to the border increases foot traffic, tourism, and baseline storage demand. Nevertheless, the timing and volume of new deliveries have dramatically suppressed rental rates. Given the metro’s population size, demand may take time to catch up to the rapid pace of recent construction.

