{{titleBar.title}}

{{titleBar.tagline}}

 

 

The concluding bottom line: Texas has 390 million of themThe concluding bottom line: Texas has 390 million of themhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=158462017-02-21T06:00:00Z2017-02-22T00:40:00Z

​​​TEXAS – The Wilson Center estimates that U.S. trade with Mexico alone supports more than 382,000 jobs in Texas—the state with the highest volume of U.S./Mexico trade.

Trade activities in Texas​​ influence approximately 234 million sf of industrial space, with an additional 160 million sf of Texas-based warehouse and distribution space for the flow of goods out-of-state according to CBRE's research method.

Demand for commercial industrial real estate originating from U.S./Mexico trade flows totals more than 390 million sf of net occupied Texas industrial space.

The passage of the North American Free Trade Agreement (NAFTA) of 1993 between the U.S., Mexico, and Canada created economic linkages that accelerated trade between the U.S. and Mexico.

In 2016, the state's population soared to nearly 28 million residents, a 55 percent increase since 1993 when NAFTA was passed.​

An interruption of U.S./Mexico international trade could directly:

  • affect up to 3.5 percent of total U.S. employment;
  • disrupt a significant driver of the U.S. GDP via exports; and
  • weaken occupancy and demand for 390 million sf of net occupied industrial space​.
CBRE
Texas
Industrial
https://assets.recenter.tamu.edu/Documents/MktResearch/Texas_Industrial_CBRE_MarketView.pdfSource: {Source}

 Search NewsTalk Texas