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The industrial market in Monterrey has had
substantial growth during recent years. Industrial lease rates have not risen
significantly, due to the increased competition of new developers in the 61
industrial parks that occupy about 55 million square feet. Most builders are
now building U.S. style concrete, tilt-up construction buildings with square footage
of 50,000 to 150,000. Here are the latest available rates and vacancies for Monterrey:
|
|
Downtown Office
|
Low
|
High
|
Effective Average
|
Vacancy
|
|
New Construction
|
$18.00
|
$21.00
|
$19.50
|
18.0%
|
|
Class A
|
$21.60
|
$23.40
|
$22.50
|
20.0%
|
|
Class B
|
$16.80
|
$21.60
|
$19.20
|
20.0%
|
|
Suburban Office
|
Low
|
High
|
Effective Average
|
Vacancy
|
|
New Construction
|
$12.48
|
$15.00
|
$13.74
|
25.0%
|
|
Class A
|
$13.20
|
$15.00
|
$14.10
|
22.0%
|
|
Class B
|
$8.00
|
$12.00
|
$10.00
|
25.0%
|
|
Industrial
|
Low
|
High
|
Effective Average
|
Vacancy
|
|
Bulk warehouse
|
$1.80
|
$3.60
|
$2.70
|
8.0%
|
|
Manufacturing
|
$3.60
|
$5.40
|
$9.00
|
3.0%
|
|
Retail
|
Low
|
High
|
Effective Average
|
Vacancy
|
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Downtown
|
$15.00
|
$20.00
|
$17.50
|
6.0%
|
|
Neighborhood Service Center
|
$16.00
|
$21.00
|
$18.50
|
8.0%
|
|
Regional Malls
|
$21.00
|
$50.00
|
$35.50
|
2.0%
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|
