Real Estate & Construction Cost
Tijuana’s industrial real estate market is among the top four of the country with over 60 industrial parks. The occupation rate grows at an average rate of 2.5% annually.
Source: Industrial Developers of Tijuana EDC.
Tijuana Industrial Real Estate Market by Building Type
Tijuana’s industrial real estate market experienced positive net absorption of about 1.5 million SF in 2010, download the map below to see the industrial park locations in the city.
Typical Contracting Options & Requirements:
Property Purchase
- Bank Trust – Foreign Individuals
- Sale Contract – Mexican Company (Legal business entity)
Lease Agreements
- Drip Line
- Triple Net
- Term: 2 to 10 years
- Renewal Options Avaliable
- Deposit & Advance Rent
- Annual Escalations
- Corporate Guarantee
Land for Industrial Use:
There are multiple options for investors wishing to build on a build to suit basis. Land prices for infrastructure ready sites range from $65.00 to $120.00 (US Dollars) per m2.
Construction Services:
Build to Suit or Tenant Improvements:
- Tailored to meet client needs & requirements.
- Final occupancy in 3-9 months for average projects.
- Four months to 1 year for production start-up.
- Contractor will take care of related permits.
Service Agreements:
Construction Costs (Per square feet)
* This is an average square feet cost of the market, estimate the final cost will vary upon specifications.
* The estimate does not include Added Value Tax (IVA)
Tijuana EDC companies are amongst the most professional and experienced in providing construction services to the industry.
