Overview of Economic Development in Tijuana...Overview of Economic Development in Tijuana:...
Transcript of Overview of Economic Development in Tijuana...Overview of Economic Development in Tijuana:...
Overview of Economic Development in Tijuana:
Tijuana´s Industrial Real Estate market statistics:
1Adriana EguiaJanuary 24, 2019
Borders Committee
Number of Maquilas vs Jobs (In Tijuana)
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50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
0
100
200
300
400
500
600
700
800
900
1974
1975
1976
1977
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1979
1980
1981
1982
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1989
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1991
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2003
2004
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2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Número de Maquilas
Número de Empleos
Maquilas
Jobs
1976 Crisis 76% Devaluation
1982 Oil Crisis500% Devaluation
December´s Error1994. 48% Devaluation
2008 World crisis. 6% Devaluation
2016 Trump effect
Start of TLCAN
2000 Dotcom Crisis
Supply (SF) vs Vacancy (%)
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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 eSupply 38,558,00 43,175,00 45,363,00 45,600,00 47,800,00 50,800,00 53,300,00 54,586,00 57,362,00 57,673,00 58,372,00 58,786,00 61,313,36 63,411,40 64,284,59 67,165,40
Vacancy % 5.8% 3.0% 4.0% 2.6% 4.6% 12.7% 13.9% 12.9% 11.7% 10.5% 9.6% 7.0% 4.8% 1.2% 2.4% 2.8%
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5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
60,000,000
65,000,000
70,000,000
75,000,000
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Supply (SF) vs Vacancy (%)
72.1 M
2018
Net Absorption (SF) vs Vacancy (%) vs New construction(SF)
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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 eNet Absorption 1,320,00 2,218,00 941,000 1,093,39 1,193,70 277,469 (37 6,000 1,380,00 1,446,00 1,040,00 1,000,00 2,700,00 2,030,00 3,900,00 1,263,00 3,260,00New Construction - 1,600,00 1,300,00 2,300,00 1,800,00 2,200,00 390,000 310,000 640,000 - 130,000 421,000 610,000 1,760,00 1,286,00 3,000,00Vacancy % 5.8% 3.0% 4.0% 2.6% 4.6% 12.7% 13.9% 12.9% 11.7% 10.5% 9.6% 7.0% 4.8% 1.2% 2.4% 2.8%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
13.0%
14.0%
15.0%
(1,000,000)
(500,000)
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
3,226,0262018
1,458,2472.2%
Vacancy (%) vs Average lease rate ($USD/SF/mo)
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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 eVacancy % 5.8% 3.0% 4.0% 2.6% 4.6% 12.7% 13.9% 12.9% 11.7% 10.5% 9.6% 7.0% 4.8% 1.2% 2.4% 2.8%Average rent (SF/Mo.) Class A $0.35 $0.36 $0.40 $0.46 $0.48 $0.46 $0.36 $0.36 $0.37 $0.40 $0.42 $0.43 $0.44 $0.46 $0.47 $0.48
$-
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
2.2%2018
Industrial market watch
*Source: JLL 2018 6
How the market is distributed for us
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VERACRUZ
CANCUN
North (28%):Surface area sf: 7,996,798 Number of buildings: 66Number of clients: 61
Bajio (49%):Surface area sf: 13,777,670Number of buildings: 80Number of clients: 78
Central (24%):Surface area sf: 7,123,121Number of buildings: 34Number of clients: 33
TIJUANA
CIUDAD JUAREZ
SINALOA
PUEBLA
TLAXCALAESTADO DE MEXICO
QUERETARO
SAN LUIS POTOSIAGUASCALIENTES
GUANAJUATO
GUADALAJARA
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****
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Automotive 29.8 %
Aerospace 8.7%
Other 16.4%Plastics 4.1%Paper 0.1%
Medical Devices 2.0%
Recreational Vehicles 5.0%
Energy 4.6%
Manufacturing 71%
Logistics 29%
Overview of Economic Development in Tijuana:
Economic Border Zone
8Adriana EguiaJanuary 24, 2019
Borders Committee
Border Survey by Deloitte
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Border Survey by Deloitte
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Excercise (Payroll + Income Tax) by Deloitte
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Inflation by Deloitte
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Final thoughts by Deloitte
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Thank you!
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