Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Industrial  | 

Great News for El Paso, Ciudad Juarez

Trade between the U.S. and Mexico (and vice versa) through the El Paso-Santa Teresa ports of entry was robust much of last year. The value of goods moving toward Mexico reached $35 billion as of October 2016, a 2.2% increase from the year before, according to CBRE. Insofar as goods coming from Ciudad Juarez into El Paso, total northbound truck crossings, year-to-date, were up 1.5% year-over-year as of July 2016.

As such, it should come as little surprise that the industrial markets on both sides of the border did well in Q4 2016. In El Paso, the market experienced net absorption of 69,908 square feet, and an 8.8% vacancy, what CBRE called “the tightest annual vacancy in the current cycle.”

Across the Rio Grande, Ciudad Juarez enjoyed a record quarter for net absorption at 1.6 million square feet. Market fundamentals remained strong; the metro’s vacancy of 5.8% was below pre-recessionary levels.

For comments, questions or concerns, please contact Amy Sorter

For advertising information, please contact Joni Margotta

Connect

Inside The Story

Connect with CBRE's KrampConnect with CBRE's El Paso Office

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

New call-to-action