from this morning's RE Business Online newsletter (7/28):
El Paso/Juarez Industrial
Activity is picking up on both sides of the border.
07/19/11
"Industrial real estate activity is up in the El Paso/Juarez, Mexico metro area, indicating that the recession-driven slump, which had been intensified by reported violence on the border, has not deterred companies from making long-term commitments to the region. The increase in industrial leasing and sales, as well as improved employment statistics and increasing commercial truck crossing data are all positive signs for the future of the local industrial economy.
The industrial market in El Paso and Juarez totals 115 million square feet split between two countries and is an intersection of international manufacturing firms, global supply chains and the local economy. During the past 3 years both the global recession and security situation in Mexico have reverberated across the industrial market.
However, industrial leasing and sale activity is up on both sides of the border" ....
for the complete story
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