Speculative industrial construction is necessary in Ciudad Juárez due to low vacant supply
Solili | March 30, 2022 |

Ciudad Juárez closes 2021 with a gross industrial demand of 612 thousand square meters, which places it in fourth position nationwide. The main industries that drove demand have been manufacturing, logistics, automotive, medical, the plastic industry, electronics, and shelters. The entity's undeniable manufacturing vocation has played a predominant role in demand.

This border industrial market has already exceeded 51 thousand square meters from January to February 2022, which represents 8% of what is registered at the national level within the framework of a vacancy of 1.5%, one of the lowest from Mexico.

The president of Coparmex Chihuahua, Salvador Carrejo, highlighted that by the year 2021, one thousand 170 million dollars of Foreign Direct Investment were captured, that is, double what was collected in 2020 and 31.4% with respect to what entered in 2019, prior to the pandemic.

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If the demand is analyzed in detail during the last half of the year, the largest amount was registered by the Taiwanese firm Inventec, which planned the investment of 300 million dollars in the construction of its new industrial complex, which is added to the plant already located South of the city.

Developers of the stature of Prologis, Fibra Macquaire, Fibra Nova, Intermex, American Industries, IGS, among others, carried out the largest transactions recorded in the last half of the year.

The entity has continued with the construction pace and currently 300 thousand square meters are being built in 17 industrial warehouses, of which there are about 124 thousand square meters of space ranging from 5.3 to 20.8 thousand square meters, mainly speculative warehouses. 

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Of the rest of the construction, the majority corresponds to custom-made spaces destined for manufacturing operations of Inventec, TE Connectivity and Werner, among many others.

Towards the quarterly close, it is expected that more speculative constructions will be reactivated based on the low vacancy, in a market of wide desirability where developers of national and regional scope compete strongly.

The border will continue to represent endless opportunities, both for Tijuana, Ciudad Juárez, TecateMexicali where there is a high probability of successfully locating operations that support the reestablishment of the value chain in an area prepared in compliance with the new rules of origin of the T-MEC.

Another factor that attracts investment is the extensive experience of trade liberalization in the border region, which is based on the large number of trade agreements signed by Mexico with the leading countries in world manufacturing activity.

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