The industrial market of Puebla ends the month of November with just over 18,000 square meters under construction, one of the lowest values since Solili has monitored this market in the last 3 years.

In turn, the gross demand between January and November 2022 has barely registered 24,000 square meters in Puebla when in the same period of 2021 it totaled 80,000 square meters.

Consult here: Industrial demand in Querétaro is the one that has grown the most in the entire Bajío region

When consulting the current availability of industrial buildings, eight options emerge with surfaces ranging from 2.5 to 10.8 thousand square meters. This last ship corresponds to the only project under construction available that is advancing in the entity.

This industrial market, even in the midst of low demand, managed to reduce its vacancy last year by half a percentage point, closing at 1.3% at the end of November 2022.

On the other hand, rental prices close in November 2022 with $4.73 dollars per monthly square meter, which reflects the highest of the increases in the industrial markets that Solili monitors, with an annual adjustment of 22.6%.

If we combine a low vacancy market, where gross demand and construction are at historically low levels, the possibility of new investments arriving during 2023 could drive even greater increases in rental prices due to the scarce existing supply.

Of interest: The El Salto submarket concentrates 70% of the industrial demand of Guadalajara

In the middle of the year, the National Chamber of the Transformation Industry (Canacintra) declared the need to generate tax incentives, increase the availability of land suitable for the industry and facilitate the possibility of changes in the use of industrial land, which would facilitate the arrival of new investments to Puebla, mainly associated with the manufacturing industry.

The entity's strategic location, from the south to the center of the country, would provide developers with the possibility of quickly manufacturing and distributing their merchandise to the main national and foreign markets. Another sector that could trigger its participation in the entity in 2023 would be associated with logistics that increasingly extends to larger markets in the national territory.

In addition to this, two of the most experienced developers in the region have expressed their willingness to continue investing in Puebla once they occupy the available spaces within this market, which could happen at the beginning of 2023.