At the end of Q3 2020, Gross Absorption reached more than 7.5 million sq. ft., a 4% decrease from a year ago.

  • At the end of 3Q 2020, the Class A industrial stock registered 96 million Sq. Ft., which, which represented an annual increase of 2.9%. 
  • Motivated by the Last Mile trend, completion registered 764,244 Sq. Ft. during Q3 2020. The cumulative figure exceeds 1.7 million Sq. Ft. so far in 2020.
  • Q3 2020 registered a vacancy rate of 5.3%, reflecting a decrease of 40 basis points compared to that registered in the same period of 2019.