Ciudad Juárez continues to maintain a strong construction pace with 450,000 square meters of industrial buildings at the end of the fifth month of the year, which includes the 28,000 square meters that began construction between April and May 2023.

Nearly 80% of these surfaces under construction are located on the South corridor, where speculative projects continue to maintain a significant presence.

Meor and Fibra Macquiare are some of the developers that continue to increase their portfolios there. Meor and Mobiliare jointly began the construction of their second Class A project, under the HubsPark format on a 150,000-meter piece of land where they plan to locate two warehouses of almost 32,000 meters each.

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Fibra Macquarie also started the construction of a new Industrial Park in Ciudad Juárez, made up of 10 buildings in a space of 230,000 square meters, to be developed in the next 10 years.

These are some of the projects that seek to satisfy the growing demand in the manufacturing and logistics sectors, caused by nearshoring.

By the end of 2023, the German company ZF Group had indicated that it had selected the Intermex Industrial Park where it would carry out an investment of 194 million dollars to locate itself in a 22,000-square-meter industrial building, where they focused on the development of electric mobility. .

The General Directorate of Economic Development of the Juarez municipality indicates that investments are expected from Canada, the United Kingdom, South Korea, China and the United States, reinforcing the manufacturing vocation of this important border market. The agency points out that during 2022, of the more than 17 billion dollars that arrived in the country through nearshoring, 22% was concentrated in the entity.

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On the other hand, the vacancy that closed the month of April, with 0.10%, achieved a significant rebound in May where it registered 0.9%, while the average industrial rent continued with the upward trend to materialize with $6.70 dollars per monthly square meter.

Mainly the relocation of companies is the main driver for the demand that reaches 184 square meters between January and May 2033.

Faced with the quarterly closing, it is expected that some operations that have been negotiating are expected to materialize, aiming to keep Ciudad Juárez in the ranking of the 5 entities that lead the national gross absorption.