Ciudad Juárez ranks fourth in gross national demand between January and April 2023, registering 156,000 square meters; while Monterrey, Ciudad de México and Tijuana precede it with the first three places.

The industrial inventory in this market has been equally distributed in at least five of its main corridors: West, North, Southwest, South and Southeast. However, in recent periods it is the South corridor that stands out, concentrating 57% of the demand in the first quarter of 2023. But the new projects are also inclined towards this corridor, which achieves 81% of the surfaces currently being built , being the vast majority of them speculative.

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The areas of the industrial buildings under construction range from 11,000 to 69,000 square meters made up of almost twenty projects. Industrial growth has been generated towards that area of the market due to the availability of land that allows developers to continue with their expansion and growth plans in this important market on the northern border of the country.

Ciudad Juárez has been one of the most attractive markets for portfolios seeking coverage at the national level and with the increase in rental prices that already registers 12% per year, good results are encouraged as long as the constructions are completed on time.

The market vacancy, which is practically nil by the end of April 2023, could increase slightly towards the end of the second quarter of the year as various speculative projects will be terminated and vacancies are added to the inventory.

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Currently, the South submarket is the most active in terms of construction, concentrating 12 projects that total 320,000 square meters in a state of construction, this is because it is the corridor with the largest space and land available for the start of new projects, positioning it as the epicenter of industrial investment in Ciudad Juárez, accumulating 60% of gross market demand during 1Q 2022.

In this market, a dozen developers with extensive experience come together, not only in the area but also in the industrial real estate product, so competition will continue to be present, pushing towards a modernization of the industrial park that is also beginning to register larger average surfaces of its industrial buildings.