• Looking specifically at trade with Mexico, CBRE Research identified 30 U.S. states that rank Mexico as a first or second export destination, while 27 states place it in the top three origins of imports.
  • Texas tops the export list where private industry exports valued nearly $250 billion in 2015, down from a previous all-time high in 2014 of more than $285 billion due mainly to the energy downturn. Despite a fall in U.S. dollar trade value, the flow of goods continues expanding and cargo border crossings continue setting records.
  • Current international cross-border trade in Texas that flows specifically with Mexico has created long-term, widespread occupier demand for commercial industrial real estate, which by CBRE’s estimates, could total more than 390 million sq. ft. of net occupied industrial space throughout Texas alone.
  • CBRE’s findings show that Texas plays a significant role not only as direct consumer and supplier to Mexico (accounting for as much as 234 million sq. ft. of industrial stock) but also as a major distribution hub for the out-of-state flow of goods, which supports up to an additional 160 million sq. ft. of Texas industrial real estate.