Chihuahua maintains an outstanding level of construction with 132 thousand square meters of projects that continue to be executed at the end of Q3 20223.

The Oriente submarket achieves the progress of 73 thousand square meters in 3 industrial warehouses, one of them a custom-made project and the others are built under the speculative modality. Two other submarkets, north and south, complement the areas where the rest of the construction is concentrated. If we compare what is being built today in Chihuahua, it is 1.6 times more than what was being built a year ago.

Of interest: Industrial demand from January-September in Tijuana exceeds the same period in 2022 by 57%

For the penultimate quarter of the year, the vacancy rate closes at 0.7%, so there is a response from institutional developers with 6 speculative projects under construction available, which would be increasing Chihuahua's vacancy by 69 thousand square meters once for the properties to finish work.

On the demand side, it is the same East submarket that dominates demand during the first three quarters of 2023 with 70%, while the remaining 26% and 5% are located on the North and West submarkets.

In the latest 2023 state competitiveness index issued by the Mexican Institute for Competitiveness, the Chihuahua entity that includes the industrial markets of Ciudad Juárez and Chihuahua achieves eighth position nationally.

The best performance indicators are the International Openness and the functioning of its Government, where it reaches first and third place. The Labor Market, Innovation and Economy indicators are also in prominent positions with positions of sixth, eighth and ninth place at the birth level.

The Intentional Openness indicator is mainly supported by Foreign Direct Investment and Exports. Chihuahua has received between January and June 2023, one thousand 92 million dollars in Foreign Direct Investment and until the beginning of August of this year there were 30 new investments from foreign companies in the entity.

Check here: CTT submarkets destroy 90% of the industrial demand of CDMX in Q3 2023

Regarding exports, Chihuahua is positioned at the forefront of exports in the country, during the second quarter of 2023 with 18,674 million dollars, according to data from the National Institute of Statistics and Geography, which represents 13.8% at the national level.

One of the main advantages of the entity is its strategic location and its ability to bring together or maintain supply chains nearby. That is why the government and developer efforts are focused on generating effective supply chains in nearby places, so the expansion of large spaces and the development of small and medium-sized suppliers has been fundamental in the development of industrial demand in 2023.