CBRE has released the Q1 2017 Cd. Juarez, Mexico, Industrial MarketView, which is available for download at cbre.com/researchgateway. Below is a summary of key Q1 2017 highlights.
Stabilized net absorption and construction characterized Q1 2017 following a record-setting yearend 2016 with over 1.7 million sq. ft. of net absorption.
Speculative construction caused an uptick in overall vacancy, yet vacancy rates among all industrial classes still remain in the low single digits. Newly started construction for the quarter included two speculative projects and one build-to-suit expansion comprising about 275,000 sq. ft.
Green energy manufacturing comprised more than half of the market's gross absorption for Q1 2017.
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