Increased trading by the US with Mexico and Canada and a drop in trading with China has created demand and propped up interest in developing new industrial space in border towns, according to a new report from Marcus & Millichap.
The US traded 12 percent more with Mexico year-over-year and 9 percent more with Canada. Activity with China fell 13 percent.
Cities that contain a border entry point, however, have smaller industrial stocks, suggesting demand will spill over into larger metros that are farther from the border but have greater regional connectivity.
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