Ciudad Juárez
Total Stock (million sq. ft.)
68.6
Vacancy Rate
4.5%
Availability Rate
5.9%
NNN Lease Rate
US$4.70
Net Absorption (million sq. ft.)
0.5
68.6
Vacancy Rate
4.5%
Availability Rate
5.9%
NNN Lease Rate
US$4.70
Net Absorption (million sq. ft.)
0.5
Metro Area Population
3.5 Million
Unemployment Rate (national)
3.5%
Annual Salary - Warehouse
US$4,000
% of Pop - Secondary Education (national)
19.7%
% of Pop- Tertiary Education (state)
15.9%
3.5 Million
Unemployment Rate (national)
3.5%
Annual Salary - Warehouse
US$4,000
% of Pop - Secondary Education (national)
19.7%
% of Pop- Tertiary Education (state)
15.9%
Major Airport
Abraham González International Airport
Major Highways
Mexican Federal 45 and US I-10
Number of Intermodal Rail Hubs
4
Number of Class I Rail Lines
3
What is the term of a typical lease?
5-7 years
How is the rent quoted?
NNN Annual
What is the tenant's option for termination or break?
Typically, the tenant does not have the right to terminate the lease.
Does the tenant have the option to renew? What is the length of the typical option?
Yes, 5-7 years
How is the rent determined at renewal?
Fair market rent, negotiated 6 to 12 months in advance of lease expiration.
What is the typical rent-free period, if any?
A rent-free period is not typical but 2-4 months for a 5-10 year lease is most common.
What is the typical rent escalation?
Annual rent escalation of 2.0% to 2.5%, on average.
Does the tenant have the right to sublet?
Typically to related/subsidiary without landlord approval. Third parties are considered with landlord approval.
5-7 years
How is the rent quoted?
NNN Annual
What is the tenant's option for termination or break?
Typically, the tenant does not have the right to terminate the lease.
Does the tenant have the option to renew? What is the length of the typical option?
Yes, 5-7 years
How is the rent determined at renewal?
Fair market rent, negotiated 6 to 12 months in advance of lease expiration.
What is the typical rent-free period, if any?
A rent-free period is not typical but 2-4 months for a 5-10 year lease is most common.
What is the typical rent escalation?
Annual rent escalation of 2.0% to 2.5%, on average.
Does the tenant have the right to sublet?
Typically to related/subsidiary without landlord approval. Third parties are considered with landlord approval.
What is the unit of measurement of a typical lease?
Per sq. ft. per year
Does the leasable area include the common area?
No
Per sq. ft. per year
Does the leasable area include the common area?
No
What is the average rent for a warehouse greater than 50K sq. ft.?
US$4.88 per sq. ft. per year
What is the average rent for a manufacturing facility greater than 50K sq. ft.?
US$4.87 per sq. ft. per year
Is there a rent review during the lease?
No
What are the average service charges (OPEX)?
US$0.30 - 0.85 per sq. ft. per year
Who is responsible for the service charges?
Tenant
What are the average taxes paid on the lease?
US$0.20 - $0.45 per sq. ft. per year
Who is responsible for the property taxes?
Tenant
Who is responsible for the utilities?
Tenant
Who is responsible for the fit-out costs, if any?
Landlord
What is the typical security deposit?
1 month
How is car/truck parking paid?
Included in rent
Any other occupancy costs?
N/A
US$4.88 per sq. ft. per year
What is the average rent for a manufacturing facility greater than 50K sq. ft.?
US$4.87 per sq. ft. per year
Is there a rent review during the lease?
No
What are the average service charges (OPEX)?
US$0.30 - 0.85 per sq. ft. per year
Who is responsible for the service charges?
Tenant
What are the average taxes paid on the lease?
US$0.20 - $0.45 per sq. ft. per year
Who is responsible for the property taxes?
Tenant
Who is responsible for the utilities?
Tenant
Who is responsible for the fit-out costs, if any?
Landlord
What is the typical security deposit?
1 month
How is car/truck parking paid?
Included in rent
Any other occupancy costs?
N/A
What are typical agency fees? Who pays them?
2.0% - 4.0% of total lease rent, paid by landlord
Who is responsible for legal fees?
Each party is responsible for their own legal fees.
Any other transaction costs?
N/A
2.0% - 4.0% of total lease rent, paid by landlord
Who is responsible for legal fees?
Each party is responsible for their own legal fees.
Any other transaction costs?
N/A
What is the typical land tenure?
N/A
What is the terminology of the purchase agreement?
Promissory Purchase Agreement/Purchase Agreement
What is the average cost?
US$25-$50 per sq. ft.
What is the agency fee and who pays?
3.0%-5.0%, paid by seller
What is the typical LTV?
N/A
What is the average borrowing rate?
N/A
What is the mode of payment?
5% to 10% earnest deposit, balance at closing
What are the average transaction (closing) costs?
4% to 5%, including transfer tax, notaries' fees, registration fees. VAT on construction separate
N/A
What is the terminology of the purchase agreement?
Promissory Purchase Agreement/Purchase Agreement
What is the average cost?
US$25-$50 per sq. ft.
What is the agency fee and who pays?
3.0%-5.0%, paid by seller
What is the typical LTV?
N/A
What is the average borrowing rate?
N/A
What is the mode of payment?
5% to 10% earnest deposit, balance at closing
What are the average transaction (closing) costs?
4% to 5%, including transfer tax, notaries' fees, registration fees. VAT on construction separate
What is the average clear ceiling height?
20' - 24'
Average number of dock doors?
4 to 12
Typical column spacing?
50' x 50'
Average parking ratio?
0.80 - 1.1 / 1,000 sq. ft.
Sprinkler system?
Not common
What is the typical power supply?
500 KVA per 50,000 sq. ft.
20' - 24'
Average number of dock doors?
4 to 12
Typical column spacing?
50' x 50'
Average parking ratio?
0.80 - 1.1 / 1,000 sq. ft.
Sprinkler system?
Not common
What is the typical power supply?
500 KVA per 50,000 sq. ft.
CBRE Americas Industrial & Logistics Occupier Guide