The Baja California markets that Solili monitors have received 14% of the gross industrial demand nationwide, totaling 306 thousand square meters between January and April 2023.

Tecate and Tijuana closed April 2023 with vacancy rates of 0.6% and 1.3%, respectively, while Mexicali is the only market in this area that has managed to reverse the sharp decline in vacancy that reached less than one percentage point in the middle of the year. 2022 and that closes April 2023 with 3.4%.

Of interest: Are you looking for industrial properties for rent? Solili provides all the availability in Mexico

The strong pressure to locate production processes for relocations has saturated the Tijuana market and it is towards Tecate and Rosarito that there is a natural growth for this region that borders the north-west with the United States.

In the case of Tijuana, developers are advancing with projects towards the periphery, motivated by the scarcity of land for industrial use, where the few existing options are practically located.

Regarding available industrial buildings, the Pacifico-Nordika, El Florido-Boulevard 2000 and Rosarito submarkets still have 70, 28 and 22 thousand square meters of industrial buildings.

For its part, Tecate has almost no availability but it does have areas with industrial potential to detonate in the coming quarters and support the unsatisfied demand that reaches Tijuana.

Another interesting advantage of this growth trend is that rental prices have managed to reach the highest values at the national level, exceeding $7 dollars per monthly square meter, while potential areas of Baja California such as Rosarito and Tecate have registered lower rental prices. income in the last quarters.

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If the developers refine their budgets and manage to obtain competitive prices in the acquisition of the land, the sustained demand that the area maintains will guarantee the placement of the spaces, which are often consolidated through pre-leasing due to the present scarcity of supply.

At present, Mexicali maintains an average rental price of $5.8 dollars per monthly square meter, being one of the markets nationwide where we have observed significant increases in rental prices.