When representatives from Laredo, Texas, go to industry shows, they tout the city's trade opportunities with Mexico, its low cost of doing business and a young, eager workforce. But companies interested in snagging space in Laredo have come across an issue hitting other border towns that have sold themselves too well: There's no industrial space available in the city.
All the relocation to the border, along with nationwide construction material price hikes, is seeing industrial development become more expensive.Existing industrial buildings now lease for about 60 cents per SF, while new buildings lease at about 74 cents per SF, both triple net, according to Volkmer. That is priced similarly to Houston's… Read the full story here. |