Querétaro’s industrial market is showing a clear slowdown in the development of new projects. As of the end of August 2026, the area under construction totaled 132,000 m², a year-over-year decrease of 57%. Additionally, new projects breaking ground during July and August amounted to just over 50,000 m², marking a 47% drop.

Of interest: Solili Office Report – August 2026: Demand fell 38% during July–August 2026

This slowdown in the development pipeline follows a period of industrial inventory expansion; the total inventory now stands at 8.79 million m², reflecting 5% year-over-year growth. With 132,000 m² under construction, the area in development represents just 1.5% of the total inventory, indicating a more restrained pace.

This moderation coincides with a slower pace of demand. During July and August, leasing activity totaled 53,000 m², a year-over-year decrease of 35%. Meanwhile, the vacancy rate stood at 5.0%, just 0.2 percentage points higher than the level recorded a year earlier.

See also: Southeast submarket leads industrial investment in Ciudad Juárez between January and July 2026

Against this backdrop, Querétaro is seeing a slower pace of investment in industrial infrastructure as demand activity also moderates. The reduction in both new construction starts and the total area under development points to a phase of more cautious growth in industrial supply, even as the vacancy rate remains stable and rental prices continue to rise.