Future Cities

Emerging Industrial Markets: Laredo, Texas

February 17, 2023

Laredo is home to one of the busiest U.S./Mexico land ports, facilitating $25 billion in trade per month or nearly 60% of all annual trade between the two countries. The region’s burgeoning industrial market benefits from near-shored manufacturing operations in Monterrey and other major Mexican markets within a two-hour drive. Laredo continues to see record demand and low vacancy rates for industrial space. Many developers are completing speculative bulk warehouse and distribution projects to support growing demand across the region.
Scott SeneseCBRE Senior Managing Director


Laredo’s industrial market straddles the U.S. border with Mexico and reaches more than 8 million people within a 250-mile radius. More than 285,000 people live within 50 miles, 25% of them in the important 18-to-34 age group.

Figure 1: Laredo, TX Population Analysis

Source: CBRE Location Intelligence.

The Laredo metropolitan area has a warehouse/distribution labor force of 4,261, which is forecast to grow by 11% over the next decade, according to CBRE Labor Analytics. The average hourly wage for a non-supervisory warehouse worker is $15.17.

Figure 2: Laredo, TX Warehouse & Storage Labor Fundamentals

Source: CBRE Labor Analytics.