CBRE has released the Q4 2017 Cd. Juarez Industrial MarketView, which is available for download at cbre.com/research. Below is a summary of key Q4 highlights.
Q4 2017 saw negative net absorption of 67,187 sq. ft. but finished the year with total annual net absorption of just over 1 million sq. ft.
Vacancy registered an increase of 70 basis points quarter-over-quarter and fell from 7.4% in Q4 2016 to 5.1%.
Both market-wide and Class A average asking lease rates increased quarter-over-quarter and year-over-year.
Newly started construction for the quarter included one speculative and two build-to-suit projects for a total of 417,500 sq. ft.
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