Tijuana Industrial Real Estate Update February 2017

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 & Accessories and Flextronics. Today, given some of.. read more →

Tecate’s New Rail Line Currently Under Construction

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 square foot building adjacent to the station. Click.. read more →

2016 Mexican Industrial Real Estate – A View of Mexico’s Maquiladora Market

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 to provide jobs for guest workers left unemployed.. read more →

Tijuana Real Estate Update 1st Quarter 2016

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), Jonathan Louis Furniture, (155,000 SF in El Aguila).. read more →

Tijuana Industrial Real Estate Experiencing Robust Growth

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 that were available just 1 year ago. Developers.. read more →

Macquarie Mexico Expands its Commercial Real Estate Portfolio

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 industrial property owner and developer in Mexico for.. read more →

San Diego Border Crossing to Tijuana International Airport Pedestrian Bridge

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 destinations. This will reduce pressure on the existing.. read more →

Third Border Crossing for Tijuana Confirmed

A third border crossing between Tijuana and San Diego has been recently confirmed by representatives from the United States and Mexico.   Dubbed Otay Mesa East or Mesa de Otay II, it is expected to be completed in two phases by 2017. Since the implementation of NAFTA, the region’s commercial activity has increased by 520%. The bulk of.. read more →