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CBRE: El Paso + Cd. Juarez industrial data 1Q 2015CBRE: El Paso + Cd. Juarez industrial data 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12352015-04-21T07:10:00Z2015-04-21T00:00:00Z

EL PASO - The industrial real estate market in El Paso reports a fourth consecutive quarter of positive net absorption in first quarter 2015.

This is the first time since 2011 that the local industrial market has started on a positive note.

El Paso Industrial Market 1Q 2015
Market Rentable
Area (SF)
Vacancy Net
Absorption
(SF)
 Lease Rates
($/SF/Year)
West 7,304,124 7.0% 0 $4.78
Northeast 8,763,856 14.2% 472 $3.39
Central 13,654,541 5.1% 40,000 $2.99
East 18,269,922 12.6% 138,502 $3.85
Lower Valley 6,252,230 26.9% 153,851 $4.04
Total 54,244,673 11.8% 332,825 $3.77


Since third quarter 2012, the Ciudad Juárez industrial market has managed to produce ten consecutive quarters of positive net absorption.

Since 2007, first quarter 2015 recorded the largest net absorption in a first quarter signaling a strong start to 2015.

Ciudad Juárez Industrial Market 1Q 2015
Market Rentable
Area (SF)
Vacancy Net
Absorption
(SF)
 Lease Rates
($/SF/Year)
North 13,773,657 8.7% 170,261 $4.27
West 10,145,268 13.1% -67,031 $4.05
Southeast 22,224,433 6.7% 356,576 $4.59
Total 62,522,003 8.6% 703,084 $4.31


Source: CBRE Research 1Q 2015

See El Paso CBRE’s Industrial 1Q 2015 report.

See Ciudad Juárez Industrial 1Q 2015

See El Paso Market Research including Spring 2015: Paso Del Norte Economic Indicator Review (PDF).

CBRE
El Paso
Industrial
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