• The Juarez Industrial Market closed Q3 2020 with 188,500 sq. ft. of net absorption and just over 600,000 sq. ft. of gross absorption.
  • Class A, through a combination of pre-leased speculative and build-to-suit delivered construction projects and new leases, accounted for all the quarter’s absorption.
  • The market-wide vacancy rate saw a slight quarter-over-quarter increase of 10 basis points. During this same time, Class A vacancy dropped from 3.3% to 2.3%.
  •  The market-wide asking rate fell from $5.14 per sq. ft. in Q2 2020 to $4.95 per sq. ft.
  • Q3 2020 closed with 14 projects, 1.5 million sq. ft., under construction. All space under construction, except for a 35,000 sq. ft. project, was speculative.