Summary The northeast region (La Laguna, Matamoros, Monterrey, Nuevo Laredo, Reynosa and Saltillo) closed the 3Q-2020 with a total inventory of 252.6 million ft2 of GLA, about 2.09% higher than a year earlier. By the end of 3Q-2020, the region’s vacancy rate was at 6.98% around 17.6 million ft2. Monterrey’s vacancy rate stood at 7.88%. YTD gross absorption totaled 6.6 million ft2. Meanwhile, 3Q-2020 recorded a gross absorption of 2.3 million ft2. Weighted average asking price for industrial space in the northeast region closed the 3Q-2020 at $0.38 USD/ft2/month. Closing price averaged $0.42 USD/ft2/month. During the 3Q-2020 construction starts in the region recorded 1.2 million ft2.
10 | 3Q20 Northeast
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