Ciudad Juárez Industrial Figures Q1 2023

April 3, 2023 10 Minute Read

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  • Q1 2023 closed with 1,397,393 sq. ft. of net absorption. Nearly all Q1 2023 net absorption came through the delivery of pre-leased speculative projects.
  • The market-wide and Class A vacancy rates fell to new lows of 0.1% and 0.0%, respectively.
  • Q1 2023 ended with 9.3 million sq. ft. of space under construction. 24 projects, 4.9 million sq. ft., are speculative.
  • The quarter closed with demand for industrial space at 3.8 million sq. ft., 1.2 million sq. ft. above the 48 trailing-quarter.