As of the end of April 2026, the eight industrial markets in northern Mexico had accumulated more than 1.6 million square meters under construction. However, this figure represents a 50% decrease compared to the same month in 2025.

Of interest: Industrial demand in Guadalajara accelerates, reaching 150,000 m² in Q1 2026

Industrial construction in northern Mexico remains concentrated mainly in Monterrey and Tijuana, markets that represent 53% and 20% of the total volume under development, respectively.

One factor behind the decrease in construction is the increase in industrial supply. As of the end of April 2026, vacancy in northern Mexico exceeded 3.7 million square meters, representing a 62% increase compared to the same month of the previous year.

See here: Solili Industrial Report April 2026: Construction started on 238,000 m², 30% less than April 2025

The increase in vacancy rates, caused by lower demand, the addition of new available buildings, and the release of industrial spaces, has reduced the development of new projects. Although developers have not completely halted new projects, they have adopted a more cautious approach to avoid oversupply and maintain availability in line with current market needs.