Ciudad Juárez remains at the end of 2023 as the industrial market with the lowest percentage of vacancy as a result of the outstanding growth in gross demand that exceeds 156 thousand square meters, which allows it to be located in the fourth position nationwide, only below Monterrey, Mexico City and Tijuana. 

At the end of April 2023, 445,000 square meters are under construction, of which 12,000 square meters began in April. Although this total number of areas is one of the highest values in the last 4 years, it is still not enough to supply the potential demand that is generated on this market on the northern Mexican border.

See also: Growing demand in the northwest region will boost industry in Rosarito and Tecate

Industries such as electronics, logistics, and automotive mainly make up the demand for the first quarter of the year with warehouses ranging from 6,000 to 43,000 square meters.

The inventory that does not stop growing and that registers an increase of 11% in the last two years is a precise sign of the interest that various developers and portfolios show in the market.

Cases such as Fibra Macquaire are examples of the confidence of industrial developers in the region. This investment trust started the construction of a new Industrial Park in Ciudad Juárez at the end of March 2023, which will be made up of 10 buildings in a space of 230,000 square meters that they plan to develop within the next 10 years.

Already in mid-2022, the developer company RSMG had announced the commercial agreement that allowed it to begin construction of a new park for the manufacturing sector in September 2022, with an area of 140 salable hectares where the first two industrial buildings with an initial investment of 120 million dollars. The projections for this group focus on attracting 65 new companies in the next 5 years.

Of interest: San Luis Potosí maintains competitive prices in industrial properties

Another traditional developer in the area, Intermex, announced at the end of April the presence of the German firm ZF Juárez on its facilities. The automotive company seeks to expand its electric mobility business in North America and will invest 150 million dollars based on the competition that this market shows by having qualified labor and the presence of high-tech processes.

Multiple developers such as Prologis, Fibra Upsite, Rosa Developed, Vesta and Fibra Nova maintain their commitment to this dynamic frontier market, building a wide range of sizes ranging from 11 to 43 thousand square meters.