Ciudad Juarez Industrial MarketView Q4 2017
- 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.