• The Juarez Industrial Market closed Q4 2020 with 983,500 sq. ft. of net absorption and over 1.8 million sq. ft. of total annual net absorption for 2020.
  • The quarter saw 2.6 million sq. ft. of activity through fifteen new leases, six renewals, and two user sales.
  • The market-wide vacancy rate saw a quarter-over-quarter decrease of 70 basis points. During this same time, Class A vacancy dropped from 2.3% to 1.3%.
  • The market-wide asking rate fell from $4.95 per sq. ft. in Q3 2020 to $4.85 per sq. ft.
  • 2020 closed with 2.0 million sq. ft. of industrial space under construction and saw nearly 2.1 million sq. ft. delivered during the year.