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Joe Smith Joe Smith

Ecommerce has become the principal, or at least the most fervent, driver of industrial activity in the US and particularly in Southern California, which is home to some of the country’s tightest industrial markets. While ecommerce is dominating industrial activity here, manufacturing activity is still booming—south of the border. Mexico has picked up much of the industrial manufacturing business, and as a result, the North Baja industrial region is seeing record-breaking stats. According to research from CBRE, the North Baja industrial market has a 3.5% vacancy rate, more than 1.7 million square feet in the construction pipeline and rising rental rates, now at $0.45 per square foot.

Kelsi Maree Borland

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