• Total gross absorption for 2017 was just under 470,000 sq. ft. and net absorption was about 308,000 sq. ft.
  • A traditionally slow fourth quarter and the delivery of vacant speculative space pushed vacancy up to 2.7%. The market vacancy rate remained flat quarter-over-quarter and year-over-year.
  • Space under construction consisted of one new speculative project of 40,6000 sq. ft.
  • IMMEX employment in Chihuahua City saw a November year-to-date decrease of 0.8%.
  • Asking rents increased by $0.07 per sq. ft. quarter-over-quarter but decreased by $0.04 per sq. ft. year-over-year.