Tag

Construction

BTS Buildings Drive Construction in the Northwest Region

During the second quarter of 2024, built-to-suit (BTS) industrial buildings drove the start of construction in the Northwestern region, which includes the markets of Ciudad Juárez, Chihuahua, Hermosillo, Mexicali, Nogales, and Tijuana. After two quarters (4Q 2023 and 1Q 2024) with construction…

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Industrial construction contracts in 2Q 2024

Construction starts of industrial buildings nationwide recorded a 24% contraction during 2Q 2024 compared to the previous quarter. This is the second consecutive quarter with a downward trend in industrial construction, driven by caution from developers due to the election year and the need for…

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