MONDAY JULY 17th 2023: Join Our Exclusive Baja Manufacturing Tour! REGISTER TODAY CLICK HERE

Mon - Fri: 8:00 - 18:00
Sat-Sun Closed

Toll-Free Number

8716 Sherwood Terrace
San Diego, CA 92154 USA

Stay In the Know: Explore Mexico Manufacturing Highlights for the Latest News

Tijuana Industrial Market Report Q4 2019

Tijuana Industrial Market Report Q4 2019

Tijuana’s industrial and commercial real estate market closed in 2019 with a positive net absorption of 3,090,296 million square feet showing overall stable market dynamics with low risk. Let’s look at the factors that contributed to this.

International Trade Normalization: USMCA Ratified, China Tariffs Relaxed

Last year ended on an upswing with the United States and China negotiating the lowering or elimination of some tariffs. The new year started with United States-Mexico-Canada Agreement (USMCA) being approved by U.S. Congress and signed by President Trump. Mexico ratified the USMCA last summer and Canada is expected to ratify it shortly. These positive steps towards trade normalization has manufacturers returning to expansion plans in Mexico.

Leasing Rates Stabilized

Leasing rates in the nearshore manufacturing hub of Tijuana, Baja California, have only increased minutely and stand at $0.48-$0.54/SF for Class A space with industrial parks still offering 1-2 months free rent and tenant improvement allowances. Increased leasing activity is noted for the industrial zones of Otay, Pacifico, and El Florido/Blvd 2000.

Available Space & New Construction

Nearly 2.7 million square feet of industrial space was under construction in Tijuana Mexico at the end of 2019 with build-to-suit projects at 47% and new speculative buildings at 53%. The year closed with 2.21 million square feet available.

Market Activity

Major industrial real estate transactions occurred in 4Q 2019, including Acon (100,303 SF), Centerpiece (113,000 SF), Primer Wheel (150,000 SF), Relevant Group BTS (220,000 SF) and Jacuzzi (132,100 SF).

Source: NAI Mexico

Mexico Manufacturing Industry News

Ready To Establish Your Manufacturing Operation In Mexico?

Look No Further Than Our Team Of Specialists!

Whether you have questions about the process or are ready to get started, we're here to help.
Contact us today at (855)480.0837 to learn how we can provide you with expert support every step of the way, from exploration to set up and beyond.

With our extensive experience providing Shelter Services in Mexico, we'll make sure your manufacturing operation in Mexico is a success. Don't wait - reach out to us today and let's get started!

Invalid Input

Invalid Input

Invalid Input

Invalid Input

Invalid Input

IMPORTANT: For enhanced security, kindly provide your business email address exclusively. Please note that this form does not support email addresses from non-corporate accounts such as Gmail, Hotmail, Yahoo, and others.

Invalid Input

Invalid Input

Co-Production International, Inc. Administrative Service Provider San Diego, California

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMexico Corporate Office
Ph: 855.480.0837
Blvd. Tomas Alva Edison 14022
Int. 7A, Tomas Alva Edison
Tijuana, BC 22163, Mexico

ico flag usaMexico Monterrey Office
Av. Benito Juarez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo Leon 64000, Mexico