staging
Need to generate industrial spaces in Ciudad Juárez due to low supply
Solili | June 23, 2021 |

According to Solili, Ciudad Juárez registered a gross demand of 252 thousand square meters in the first five months of 2021, concentrating the greatest activity during the first quarter of the year.

At the end of May 2021, vacancies in the city stood at 3.1%, with very similar levels during the first five months of the year and can be considered among the lowest at the national level, along with Aguascalientes, Mexicali and Tijuana.

Within the 7 submarkets there are 23 existing warehouses available ranging from 3,000 square meters to 20 thousand square meters. For its part, the spaces currently available under construction group about 102 thousand square meters, with a supply of warehouses between 6 thousand and 23 thousand square meters.

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In addition to these available constructions, another 156 thousand square meters correspond to the BTS concept, with sizes that fluctuate between 5 thousand and 39 thousand square meters.

By relating demand to supply, it can be inferred that the city will require new industrial spaces to meet the interest of foreign investment and maintain stability in rental prices, which average 4.34 USD per square meter per month. The Suroeste and Sureste submarkets have the necessary capacity, thanks to their infrastructure and land availability, to meet future requirements.

The growing demand and scarce availability opened the opportunity for speculative projects, since most developers concentrated their efforts on tailor-made projects that enter the market pre-leased.

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Established developers and investors know the potential of the border city, which has infrastructure coupled with skilled labor. Vesta, Prologis, American Industries, BTS Development and Intermex are those that concentrate the largest available ships.

Similarly, the alliances implemented by the regional government in the hands of the Ministry of Innovation and Technological Development of Chihuahua, lay the foundations for the development of investment that comes mainly from the United States and Canada.

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