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.
Tell me more →Total Market as of February 2017 – 65 million square feet Total Available as of February 2017 – 2 million square feet Vacancy Rate as of February 2017 – 3.25% Rarely are buildings for sale in Mexico, therefore the vast majority of Maquilas are 3, 5 and
Tell me more →Tijuana Industrial Real Estate Update February 2017 Tijuana is in a state of flux. Looking at thirty years of data while working in this market, there has never been so little vacancy. In 2016, over four million square feet was absorbed by companies like Motor Car Parts
Tell me more →A new $15 million rail line and multi-model facility one half mile from the US border in Tecate is finally under construction. Hyundai, Toyota and Samsung plan to use these facilities to transport their products to the US marketplace. Maquila Properties has 50 acres and a 170K
Tell me more →The borders of Mexico were the first beneficiaries of the maquiladora (or in bond) program in the 1960’s. Foreign companies could import machinery and raw materials duty free, as long as they promised to re-export the final products. The Maquila Program or Border Industrialization Program, was intended
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The Tijuana commercial and industrial real estate market is booming. Vacancy has dropped to 5% for the first time since the 1990’s. The Tijuana Industrial real estate market boomed in 2015 as Flex Medical (144,000 SF in Otay), Ink Throwers (200,000 SF in La Jolla Industrial Park),
Tell me more →The Tijuana Industrial real estate market is experiencing robust growth as Flex Medical (144,000 SF in Otay) and Ink Throwers (200,000 SF in La Jolla Industrial Park) grow organically into larger facilities. This has reduced the number of over 100,000 SF Facilities to Just 13 from the 17
Tell me more →FIBRA Macquarie México announced it has successfully completed the acquisition of a ten-property industrial portfolio with a Gross Leasable Area (GLA) of 2.2 million square feet located in the northern Mexico cities of Monterrey, Reynosa, Tijuana, Ciudad Juarez and Saltillo. The portfolio was acquired from an institutional
Tell me more →Tijuana to Otay Mesa Bridge is almost complete. Soon we can be dropped off on the US side in Otay Mesa California and walk to Tijuana Mexico’s Rodriguez Field International Airport. Rodriguez Airport has a longer runway than San Diego International Airport so can service long distance travelers to Asia and other
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