CBRE: El Paso + Cd. Juarez industrial data 1Q 2015
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.
| 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 | $3.77 |
Since third quarter 2012, the Ciudad Juárez industrial market has managed to produce ten consecutive quarters of positive net absorption.
Since 2007, first quarter 2015 recorded the largest net absorption in a first quarter signaling a strong start to 2015.
| Market | Rentable Area (SF) | Vacancy | Net Absorption (SF) | Lease Rates ($/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).
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