McAllen Retail Market Update
- McAllen ranks #1 among Texas cities in ACTUAL retail sales per household. (Claritas)
- McAllen ranked #1 Safest City in Texas, 7th as in the U.S. (2015 smartasset.com)
- Compared to the rest of the country, McAllen’s cost of living is 17.10% Lower than the U.S. average. (Sperling’s Best Places)
- Best mid-size city for careers (Forbes, 2015)
- McAllen is the largest city in one of the fastest growing metro areas in the nation (U.S. Bureau of Labor Statistics)
Over 16 million travelers visit McAllen, Texas annually for a top-of-the-line shopping experience.
Located in deep South Texas, McAllen has earned its reputation as the retail epicenter of the Rio Grande Valley, and continues to live up to its reputation thanks to an increasing number of investors setting their sights on its robust retail market. Simon’s La Plaza Mall is currently expanding its 1.2 million square feet property with an additional 220,000 square feet, and there are hundreds of thousands of additional retail space under development in McAllen as well. The SIMON project is slated to include an exceptional mix of dining and high end retail options that will delight both locals and tourists.
McAllen’s consumer base lives not only within 200-miles on the U.S. side of the border but stretches far into Mexico including northern and central Mexican cities, the biggest of which is Monterrey, Mexico, the 3rd largest and wealthiest city in Mexico with a population exceeding 4 million – only a 2 hour drive away. With 10 international bridge crossings within an hour or less drive from McAllen’s metro area, shoppers from south Texas and northern Mexico enjoy Interstate expressways which puts them at the heart of this retail mecca easily as well as quick access to the renowned resort of South Padre Island, a popular destination among wealthy Mexican tourists.
McAllen Miller International Airport, the busiest airport in the region, offers easy access to business and leisure travelers. Travelers from the United States connect to McAllen through American, United and Allegiant Airlines. Shoppers from Mexico City – the largest capital city in Latin America – fly to McAllen in less than 2 hours, and speed through a fast and efficient immigration and customs check point inside the airport. The airport recently completed a 55,000 square feet expansion to its terminal including the TSA security checkpoint and checked baggage inspection system.
McAllen generates $3.56 billion dollars in gross retail sales per year according to the State of Texas Comptroller’s office. Recent in-depth studies conducted with the help of VISA Indicate that Mexican shoppers spend more in McAllen than in any other city in the United States. These findings are buttressed by the fact that many national franchise retailers report their highest performing locations are those located in McAllen.
McAllen is not only the place where shoppers go, it is also the place where investors go. Being some 7 miles from the international border, it has a distinctly “American” feel with beautifully manicured trails lining its main thoroughfares. The city is one of the fastest growing in the nation with a high quality of life including a safe and enjoyable environment. McAllen boasts the lowest cost of living rates in Texas and reinforces its low cost of living by having one of the state’s lowest property tax rates.
For further information:
Rebecca M. Olaguibel
Retail and Business Development Director
McAllen, TX 78501