Ciudad Juárez is one of the most important markets nationwide, occupying third place among the northern markets, with an inventory that amounts to 7.6 million square meters by the end of 2023. The gross demand of Ciudad Juárez ends in 2023 with an accumulated figure of 263 thousand square meters, which registers a decrease of 38% when compared to that reported in the same period of 2022.

Despite the fact that companies continue to show interest in establishing themselves in the border market and that it has adequate infrastructure, with an offer that for the month of January 2024 registers 315 thousand square meters available for immediate occupation, with spaces ranging from 4,000 to 30,000 square meters and which are mostly top-of-the-range properties classified as class A, demand has shown a considerable decrease during 2023 due to the lack of energy supply.

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The energy supply problem has considerably impacted the industrial demand of Ciudad Juárez, which, in the course of 2023, reported declines in the indicator for four consecutive quarters, reaching its lowest point during the last quarter of the year, where the activity of lease reached just 33 thousand square meters.

Although it is true that the lack of energy supply has been a recurring problem at the national level, in the particular case of Ciudad Juárez it has become even more noticeable, because it is currently a fundamental problem that has truncated the arrival of new investments to the border market.

The reduction in demand due to the lack of electrical infrastructure is an issue of concern for institutional developers based in Ciudad Juárez. Market players remain expectant and anticipate that the situation will begin to recover within a period of no more than six months. However, Ciudad Juárez continues to be an important market due to its privileged location on the border with El Paso, Texas, and continues to be of interest to national companies seeking to expand their operations as well as international companies seeking to establish themselves in the city. border.

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During the month of January 2024, the Ciudad Juárez industrial market reports a total lease of 26 thousand square meters. Demand was driven mainly by the expansion of a manufacturing company that consolidated in the Southern industrial corridor. The gross demand during the first month of the year reported a positive behavior, since it doubled the demand registered during the same period of the previous year.

The industrial market of Ciudad Juárez faces important challenges in terms of electrical infrastructure; however, it continues to be an expanding market, with strongly positioned institutional developers and a varied offer that arouses the interest of important companies. The city has the potential to continue attracting new industrial investments, which is why it is expected to show a recovery during 2024.