20 Years between Border Closures: Changes in Tijuana Real Estate Trends and its Impact on the Cross-Border Markets
Insights Juan Zuniga · April 27, 2022
Rimon Partner Juan Zuniga recently moderated the Urban Land Institute’s Spring Meeting 2022 on the economic factors that have changed the Tijuana real estate markets and the impact it had on cross-border trade between San Diego and Tijuana.
The once fluid international border between Tijuana and San Diego suffered 2 major shocks with border closures caused by the September 11, 2001 terrorist attacks on U.S. soil and the COVID global pandemic of 2020 and 2021. The intervening 20 years have seen a shift in economic factors that have changed the Tijuana real estate markets and had an impact on cross-border trade between San Diego and Tijuana, particularly for San Diego companies that manufacture in Tijuana, especially medical device and medtech. This panel will explore the factors that have impacted the Tijuana economic landscape with particular focus on the industrial real estate sector and its spill over effects on housing. Tijuana, and Northern Mexico generally, is experiencing a huge spike in lease pricing for industrial real estate that is having ripple effects on the local real estate market and supply chain, generally.
Juan Zuniga is an international transactions attorney who has worked on cross-border deals throughout the United States, Latin America and in over 60 other countries. His practice is focused on buying and selling real estate, resort and hospitality transactions, mergers & acquisitions, overseas distribution agreements, international joint ventures, foreign trade and commerce, workouts of distressed assets, lending and investment issues. He has been particularly sought out for his handling of cross-border transactions, especially in Latin America. Read more about Juan.