Vacancy: With about 1.4 million SF of industrial property, current vacancy stands at about 2.5%, the lowest level since 1980. Net absorption for 2018 was a record 3 million SF. Demand: California has raised its minimum wage to $15, bringing an employer’s costs to around $22 per
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Mexican Authorities continue to use the old “throw it against the wall and see if it sticks” method of changing rules for Maquilas. Exciting new proposals for the border region of Mexico were promulgated upon new President Andrés Manuel López Obrador (AMLO) Morena Party’s taking power.
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