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Commercial Real Estate in the Industrial Sector: An Evolutionary Story
Commercial real estate in the industrial sector: a history of evolution; in the mid-1990s, Mexico experienced a watershed regarding growth, expansion, and development of industrial parks. The reason is the North American Free Trade Agreement (NAFTA) entry into force. That, together with the maquiladora decree, meant the first boom of this type of industry. Before, in 1990, the industrial market in Monterrey was. For example, it was domestic manufacturing and textiles. In the border markets such as Tijuana, Ciudad Juárez, and Matamoros, there was a 30-kilometer line where maquila was allowed. By 1996, there were only two industrial parks in Monterrey, STIVA Aeropuerto, and Parque Industrial Monterrey. In the rest…


