M
ark Hanna, managing director of SVN Hanna Solutions Commercial Real Estate, spoke at the Mission EDC/RGV Partnership's "Commercial & Investment Tour" event. The event was held at the Center for Education and Economic Development in Mission, Texas.

    Hanna analyzed the City of Mission's real estate market over the past decade, highlighting consistent growth across retail and industrial sectors. Key trends included:

    * Steady increases in asking lease prices for both retail and industrial properties, indicating growing demand and tenant confidence.

    * Continuous price appreciation per square foot for retail and industrial sales, reflecting investor interest.

    * A downward trend in vacancy rates for both asset types, signaling healthy absorption, reduced oversupply, and strong occupancy levels.

    Hanna concluded that the data supports Mission as a sound location for commercial real estate investment. He noted rising rents, increasing sale prices, and declining vacancies demonstrate market resilience and growth potential, making it an attractive market for developers, investors, and end users.