Ciudad Juárez has positioned itself within the national industrial real estate activity in fourth place in terms of accumulated gross demand in 2021, only surpassed by Monterrey, Ciudad de México and Tijuana.

This market, with more than 612 thousand square meters of annual demand during the year that ended, has historically been recognized as an outstanding manufacturing and transformation center where the export activity that gives it its border condition has been of vital importance for its promotion.

In the last quarter of 2021, gross demand exceeded 121 square meters, registering an increase of 183% compared to the same quarter of 2020, derived from requests from companies in the manufacturing, logistics, automotive, medical, plastic industry, electronics, and shelters.

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During 4Q 2021, construction was completed on six properties that added almost 90 thousand square meters to the inventory, of which 95% are projects already occupied.

With an inventory that exceeds 6.7 million square meters, not a few companies include Ciudad Juárez among their options when choosing an industrial site in Mexico.

This highly diversified market, both in the areas it offers for rent and in the number of developers who settle there, are elements that favor global corporations in obtaining efficient supplier development in Ciudad Juárez, with savings in production costs and immediate proximity. to its main market of applicants such as the United States.

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Some of the companies already installed in the area have shown greater interest in class A spaces, occupying most of these properties, so the current vacancy in this category closes the quarter with 0.4%.

Now, in previous years there was a supply of available spaces with a high presence of Class B real estate, but at present this profile has been changing due to new investors and developers who have launched a higher quality offer that companies were demanding.

At the end of December 2021, the new constructions add up to 277 thousand square meters in its entirety Class A, concentrating the South corridor about 57% of the available spaces.

In response to leasing activity, developers have detonated eight new class A buildings in the market this last quarter, totaling 93 thousand square meters, of which 80% are available for lease.

It is expected that throughout 2022 the interest of the main Mexican developers who know of the potential of owning industrial real estate within their portfolios in this important entity will continue to be maintained.