Ciudad Juárez has been one of the markets on the northern border that has aroused the greatest interest from investors and developers who turn to acquire land where they can later build new industrial projects.

The maquiladora activity has characterized the industrial market of Ciudad Juárez in recent years and, like Tijuana, it has a cost-competitive labor force and, being on the border, favors US workers crossing to their workplace.

If we analyze the figures that Solili monitors at the end of 2020, we find that 51% of the inventory was class A and by mid-2023 that percentage has risen to 57%, managing to offer a much more competitive building profile for current market demand.

Of interest: Prospects of national industrial demand for the rest of 2023

During the first half of 2023, close to a dozen developers have started 267,000 square meters of new projects, all of them Class A and speculative, seeking to attract the attention of companies that either want to expand or enter this market for the first time. The areas range from 11,000 to 35,000 square meters.

Together with these new projects that began in 2023 and those that continue to advance, which had started in 2022, 515,000 square meters were reached at the end of June 2023, the highest amount in the last four years since Solili raised market information.

Industrial space applicants increasingly require specifications for areas, sizes, column-free spaces, layout of platforms, wide maneuvering yards and the insertion of autonomy in terms of electricity, water service and technology.

The profile of those requesting space is inclined in three quarters towards the logistics sector and one fourth towards manufacturing, so the conditions of execution of the works in progress must complete adjustments that allow the products to be adapted to the needs of the demand.

See also: Industrial construction in Mexico experiences boom in large buildings

This boost in construction has allowed us to go from a practically zero vacancy a few months ago to a 2.3% registered at the end of the second quarter of 2023 and all this motivated by the large number of projects being developed.

This offer would go on to meet the various requirements of companies in the automotive, electronics, home appliance and textile industries that have developed over the years in the region and, as a result of the interruption of supply chains, have been favored to expand their operations in this prominent border market.

Inventory in this market has grown at a rate of 11% in the last two years and is becoming increasingly competitive and during 2Q 2023 it was mainly concentrated in the South submarket with 60% and the remaining 40% in the Southwest submarket.