Industrial Market Report

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Stanley Wilson
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1 Industrial Report Northeast Mexico 1Q 2016 Tamaulipas, Nuevo León, Coahuila, Chihuahua Americas Research

2 Northeast Mexico Industrial Overview JLL s Industrial Services is a dedicated team focused 100% on customer service and industrial real estate solutions offered in a uniform and coordinated manner between our offices in Mexico City, Monterrey, Tijuana and Guadalajara.

3 3 Northern Mexico industrial report 1Q 2016 Northeast s Overview City Total Stock (s.f.)1q16 Availability (s.f.)1q16 Vacancy Rate Total Absorption (s.f.) New Deliveries (s.f.) Average Lease Rate (usd/s.f./year) Monterrey 103,395,605 8,041, % 1,288,160 4,687,919 $4.67 Saltillo / Ramos Arizpe 31,189,567 1,355, % 88,888 1,084,464 $4.50 Reynosa 32,429,268 2,604, % 967,888 3,013,938 $4.50 Nuevo Laredo 9,560, , % 0 0 $3.90 Matamoros 17,967,025 1,812, % 41,000 0 $4.20 Cd. Juárez 64,068,133 5,472, % 171,793 0 $4.33 Chihuahua 23,187, , % 232, ,315 $4.20 NORTH MARKETS 281,797,421 20,521, % 2,790,468 9,449,636 $4.33 Northeast Mexico Property Clock 1Q 2016 Monterrey Chihuahua Nuevo Laredo Saltillo - Ramos A., Cd. Juárez Reynosa, Matamoros

5 Northern Mexico industrial report 1Q 2016 outlook Monterrey Metropolitan Area Industrial Monterrey is the largest industrial market in northern Mexico and has a total inventory of 103.3M sf, including availability and most registered companies in the industrial market. During this first part of 2016 vacancy rate remained below 8% and reaching 7.9% for this 1Q. During the first quarter of the year we recorded important transactions from already established companies as well as new ones and for 1Q absorption was at 1.28M sf. Following with last years trend, the arrival of international companies looking for space as well as BTS developments to establish operations locally is increasing and this is registering in the absorption rate. There is currently significant construction by developers for new spec buildings. Lease rates still remain stable for the Monterrey market and it is expected that they remain this way for 2Q and 3Q 2016 with hopes to attract more investment. 103,395,605 8,041,093 1,288,160 Monterrey 7.9% $4.67 4,687,919 Saltillo - Ramos Arizpe Industrial outlook Saltillo - Ramos Arizpe market is known for its available industrial land and constant growth. This 1Q, inventory increased to 31.1M sf due to new construction and BTS transactions. An example for new spec construction would be a new building in Parque Industrial Server. This building has a total area of 1,107,639 sf. The total transactions registered during 2015 reached 88,888 sf. 31,189, % 1,355,566 $ ,888 1,084,464 Saltillo

6 6 Northern Mexico industrial report 1Q 2016 Reynosa Industrial outlook The activity in this market during 1Q 2016 has remained constant. Even though there are vacant buildings during this quarter, absorption has been at 1M sf. The most important transactions were DHL s BTS with approximately 280,004 sf developed by Intermex at Parque Villa Florida and another building at a FINSA property. It is important to mention that there are new buildings and on going constructions adding to a total inventory of 32.4M sf. Lease rates are stable due to constant activity throughout the years. 32,429,268 2,604, , % $4.50 3,013,938 Reynosa Matamoros Industrial outlook During this 1Q 2016, absorption in Matamoros was at 41,000 sf due to the presence of companies such as International Asembly Inc. and Avant. Currently, there is an inventory of 17.9M sf. Local government and private institutions are still looking for ways to attract more investment to this market. 17,967, % 1,812,472 $ ,000 0 Matamoros

7 Northern Mexico industrial report 1Q Nuevo Laredo Industrial outlook The international border crossing of Nuevo Laredo and Laredo Texas is one of the most important hubs globally for the import and export of merchandise but compared to last years numbers, this market has not registered new transactions for 1Q During this period, the market is currently at 9.5M sf. 9,560, , % $ Nuevo Laredo Chihuahua Industrial outlook Chihuahua had an increase in inventory to a total of 23.1M sf due to new constructions and new registered buildings that were already in use. Interest is still high to expand and grow this market by those who are already established in the area. Transaction activity for this 1Q 2016 has reached a total of 374,878 sf. Some important transactions were the Southco and TRW expansions for 31,173 sf and 154,571 sf. 23,187, , , % $ ,315 Chihuahua

8 8 Northern Mexico industrial report 1Q 2016 Cd. Juárez Industrial outlook Ciudad Juarez remains at a constant second place for industrial activity in Northern Mexico with a total inventory of 64M sf. During 1Q, industrial activity has remained constant and there were several transactions for new leases as well as expansions by companies already established in the area. The transactions during 1Q 2016 summed up a total of 171,793 sf. 64,068,133 5,472, , % $ Cd. Juarez

9 About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit JLL Northern Mexico Monterrey Office Jorge Ortega jorge.ortega@am.jll.com Carlos Aportella carlos.aportella@am.jll.com Calzada del Valle 112 Ote, Piso 1 Col. del Valle, San Pedro Garza García, NL, México Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Industrial Market Report

Industrial Market Report Industrial Report Northeast Mexico 1Q 2014 Tamaulipas, Nuevo Leon, Coahuila, Chihuahua Americas Research Northeast Mexico Industrial Overview JLL s Industrial Services is a dedicated team focused 100%