The industrial market of Mexico City, with more than 715 square meters of accumulated gross demand between the months of January to August 2022, occupies the second position at the national level below Monterrey, which manages to rise with more than one million square meters. in the same period.

At the end of August 2022, the average rent in the country's capital exceeded $6.2 dollars per square meter per month, slightly higher than Ciudad Juárez and Tijuana with $6.1 dollars per square meter per month. The rental price in Mexico City reflects an annual increase of 12%.

When we focus the analysis by corridors, the fact that Vallejo, Tlalnepantla and Ixtapaluca maintain values well above the average that corresponds to specific operations of the quarter on corridors stands out, where the last-mile warehouses stand out, which due to the competitive conditions of the logistics markets achieve record closings above $7.0 dollars per square meter per month.

Check here: With 160 thousand m² of industrial construction beginnings, Monterrey looks unstoppable

The bulk of operations in 2Q 2022 accumulates in more than 87% in the CTT corridors (Cuautitlán, Tultitlán and Tepotzotlán) and Toluca, which register 250 thousand square meters of quarterly gross demand. In anticipation of the closing of the third quarter of the year, the months of July and August had registered gross demands of almost 180 thousand square meters in the two-month period, a figure that will be greatly exceeded by the closings that will be reflected in the month of September and that will form part of the third quarterly report issued by Solili.

The rental prices registered in the CTT and Toluca range from $5.1 to $6.2 dollars per square meter per month and could be more representative of the average observed in the country's capital.

Another important factor that is incorporated into the average rental price is associated with the fact that part of the closings corresponds to new Class A ships of recent construction and where potential tenants begin to compete for spaces.

These ships include in their market price the cost structure impacted by inflation factors that have increased the National Price Index for Construction Producers by 16.7% at the end of May 2022, issued by the National Institute of Statistics and Geography (INEGI), which generates even greater pressure on prices in industrial developments, among others.

Of interest: Ciudad Juárez and Mexicali are the ones with the highest increase in industrial prices in 2022

Recently, the Mexican Chamber of the Construction Industry pointed out the increase of up to 20% of the projects motivated by increases registered in some inputs such as cement, rod and metals.

The projections for the annual closing point to considering the increases associated with energy and manufacturing processes, although opinions such as those of BBVA suggest that the price escalation could be moderated in the second half of the year, as indicated in the Report of Real Estate Situation of the first semester of 2022 of the financial institution.