Past, Present & Future
Jul 13, 2015
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
1980 1990 2000 2010
San Antonio (Bexar County) McAllen Metro
Paralleled Growth
U.S. Census Bureau
Labor Force:
Large, Young & Trainable
McAllen Chamber of Commerce
55%47%
37.90%34.20%
10%
20%
30%
40%
50%
60%
Mexico RGV Texas United States
47% of Population under 25 of
Age (2008)
AgribusinessRetail
Medical Community
Foreign Trade Zone
Tourism
What drives our economy?
Multi-Faceted Economy
Foreign Trade ZoneWhat the FTZ offers:
• 775 Acre Industrial Park
Warehousing & Storage
Low Cost manufacturing
$1.3 Billion in products handled
annually
Medical CommunityOnly Sector Showing Significant Growth!
Rio Grande Regional –Increased Size: 200 to 320 beds., Doubling size of
hospital, Increased Trauma Service to Level 3. Only hospital in the Valley
offering pediatric cardiovascular care.
Doctors Hospital at Renaissance- Bringing the latest technology in CAT
scanners, MRI devices and cardiac catheterization to our area.
McAllen Medical Center- Opened area’s only kidney transplant program.
Mission Regional Medical Center – Expanded Neonatal ICU and added
S.A.F.E Place (Sexual Assault Forensic Unit)
Tourism
Birding Center
9 Sites along a 120 mile corridor (SPI to Roma)
Over 500 species migrate through the Valley
26 species specific to the Valley
Ecotourism boosts economy
South Padre Island
Beautiful beaches, deep sea fishing, dolphin watching, parasailing,
fine dining, shopping & an array of events and activities guaranteed
to delight everyone.
Mexico
Recent reports of civil unrest and drug violence have created a
negative perception of our area. If the conditions in Mexico do not
improve, it could have a long-term negative impact on our economy.
“Economic policy can result from governmental inaction as well as governmental action.”-John F. Kennedy
TARP
Money
Abused
Too Big
To Fail
Mentality
McAllen MSA ranked one of the top 100 Leading Locations for
doing Business in 2011
- Area Development Magazine, 2011
Brookings Metro Monitor
McAllen MSA ranks among Top 20 Strongest Metros in the US
March 2011 — Metro Monitor: Tracking Economic Recession and Recovery
in America’s 100 Largest Metropolitan Areas
McAllen ranked No. 1 mid-market cities for the top emerging
restaurant markets & restaurant expansions the U.S.- QSR magazine, 2011
Quick Service Restaurant
La Plaza Mall
Simon Owned
Top Sales-Producing Retail Mall in Nation
Avg. $650/psf sales
1,203,000 sf
Macy's, Dillard's(#1 in nation), JCPenney, Sears, Joe Brand
Palms CrossingExpwy. 83 & Ware Rd.
100% Community & Lifestyle Center
322,000 sf development
Bealls, Chocolate Factory, Cavenders,
PF Chang’s
The Shoppes at Rio Grande
EDINBURG 1.1 million sf
open-air center on 130 acres
$80 million development, $90 million economic impact
JC Penny, TJ Maxx, Academy (just added 90,000 sf)
Rapid Response Center280-acre research & educational park
Mind to market in 30 days
Creating a Culture of Innovation!
Creates Competitive Advantage
The New Silicon Valley!
Santana Denim Plant“Welcome to Denimburg!”
$180 million denim-manufacturing plant
23-acre site along U.S. Expressway 281
Will create an estimated 800 new jobs by 2015
and 3,200 indirect jobs to Valley suppliers
Will pump millions of dollars into local economy
McAllen MSA
0
500
1000
1500
2000
2500
3000
2006 2007 2008 2009 2010 2011
25792714
25652465
2335
1180
Total Units Sold - YTD
115
130
145
160
2006 2007 2008 2009 2010 2011
138
143
147 148 147 146
Avg. Days on Market - YTD
0
25000
50000
75000
100000
125000
150000
2006 2007 2008 2009 2010 2011
$128,990 $129,690$122,617 $119,525
$124,751 $126,446
Average Sold Price - YTD
0
50
100
150
200
250
300
350
400
2006 2007 2008 2009 2010 2011
$333$351
$313$294 $298
$148
Total Sold Dollar Volume - YTDIn Millions
Housing Starts
Jumpstart Economy
Pre-Construction
• Title Companies
• Mortgage Co.
• Insurance Co.
• Contractors
• Realtors
• Attorneys
• Engineers
• Surveyors
• Architects
• CPA’s
• Bankers
Construction• Plumbers
• Electricians
• Painters
• Brick Layers
• Carpenters
• Inspectors
• Appraisers
• Lumber
• Brick
• Flooring
• Concrete
Post Construction• Furniture
• Appliances
• Electronics
• Landscapers
• Hardware
• Window Coverings
• Security System
• Interior Decorators
• Home Entertainment
• Pool Maintenance
• Sprinkler Company
Valley Resourcefulness
• Continued Job & Population Growth
• Emergence of New Innovations
• Construction Expansion
• Increased Presence in Global Economy
CHARLES MARINA, CCIM, CRB, GRI
First American Realty Co.3827 N. 10th St. Suite 105
McAllen, TX 78501
(956) 682-3000
Email: [email protected]
Website: www.FirstAmericanRealty.com
http://www.facebook.com/chasmar1
http://twitter.com/FarcRGV
http://www.linkedin.com/in/cmarina37