Rising demand and price of industrial rent in Ciudad Juárez
Solili | April 19, 2022 |

Ciudad Juárez is one of the most dynamic cities on the northern border, and during 1Q 2022 it concentrated 10% of the national gross industrial demand. The registered figure was higher than that of the previous quarter by 42%.

The growing market demand, which has been driven by companies from various industries such as medical, logistics, metalworking, manufacturing, plastics and shelters, has been one of the factors that has led to a significant decrease in market vacancy.

Vacancy in Ciudad Juárez has reached historic lows, closing the quarter at 0.6%, presenting an annual drop of almost three percentage points, that is, almost all vacancy has decreased in one year.

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Corridors such as Centro, San Jerónimo and Sur, where a quarter of the entity's inventory is concentrated, do not have availability, and the 17 warehouses available on the North, West, Suroeste y Sureste submarkets range from 5.2 to 20.8 thousand square meters, which It is not enough for a market that places its quarterly gross demand above 170 thousand square meters.

As a consequence of the low demand that the market currently presents, the average market price continues to rise, matching the trend that the industrial markets of the northern border strip of the country have been presenting.

The average annual price in the industrial market of Ciudad Juárez is $5.38 dollars per square meter per month, which has presented an increase of 16% compared to March 2021, being one of the highest growth slopes at the national level.

The maximum rental price was recorded in the southeast corridor at an average of $5.62 dollars per square meter per month.

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For its part, the net absorption during 1Q 2021 adjusted a little downward during the first quarter of the year, it still remains above 130 thousand square meters, a figure higher than that registered in the first quarter of 2021, since vacancies have increased. kept in control and corresponds to planned schedules.

The potential of the entity and the sustained development of the industrial activity requires the duo of private investment and public investment, which is known to the authorities in the region who recently presented the State Development Plan 2022-2027 in Ciudad Juárez, where it is planned to invest 2 billion pesos in activities and works on the border.

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