Figures
Chihuahua City Industrial Figures Q2 2024
July 24, 2024 5 Minute Read
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- Q2 2024 net absorption was negative 85,477 sq. ft., the first quarter to register negative net absorption since Q2 2020.
- The market-wide vacancy rate saw a quarter-over-quarter increase of 30 basis point and a year-over-year increased of 110 basis points.
- Activity in the market was somewhat sluggish with only a handful of transactions registered year-to-date. However, availability remained relatively low. At the close of Q2 2024, only nine industrial spaces were available for lease.
- At the end of Q2 2024, 1,057,830 sq. ft. of industrial space remained under construction. Space under construction consisted of a build-to-suit project and seven speculative projects. Six of the projects are in the North submarket and two projects are in the Southeast submarket.