Texas Border Business
Even though the Mexican peso has lost value during the last few weeks, the economy continues to grow stronger in South Texas. This according to an analysis made and provided by Michael “Mike” Blum. He is the managing partner at NAI Rio Grande Valley, a commercial real estate brokerage, consulting, development and syndication firm serving the Rio Grande Valley based in McAllen, Texas.
Blum told Texas Border Business, “Here is a different way to look at the data across the Valley in the cities indicated. Material growth in all cities occurred from 2008 to 2015. Much of the growth is attributable not only to the addition of retail opportunities in Edinburg, Mission, Pharr, Weslaco, Mercedes, Harlingen and Brownsville, but to a generally more stable economy overall.” He emphasized, “McAllen remains the dominant retail location valley wide.”
