Northern border recovers dynamism

Category: News
Published: 2019-04-16

MEXICO – The activity in the class A industrial real estate market in Mexico has taken a positive direction, especially in the northern border region of the country, although the sector may still face several obstacles in 2019 that would complicate this trend, according to a 1st quarter analysis made by  the American real estate company CBRE.

The consulting and real estate services firm revealed that the arrival of new companies has been taking place mainly in the northern border while boosting markets such as Ciudad Juarez which experienced a net absorption higher than the average of previous years during 1Q19 (more than 70 thousand square meters).

“Trade tensions between the U.S. and China are causing companies that serve the U.S. market to look for spaces in northern Mexico in order to take advantage of the benefits of the new trade agreement,” CBRE said.

Source: T21