Despite macro peso weakness, local baseline retail remains resilient. The data suggests a shift away from luxury cross-border purchasing toward domestic necessity and mid-tier retail.

Hotel tax and enplanements show divergent trends. Air travel remains strong, but border-crossing tourism is softening. The visitor profile is shifting from land-based international to air-based domestic business/medical.

Construction volume continues to aggressively outperform other sectors. High home prices coupled with steady permit requests indicate demand is heavily outpacing supply in the RGV.

Bridge crossing data shows fluctuations, heavily correlated with nearshoring facility build-outs in Reynosa. Industrial warehousing remains the tightest asset class in the market.