At the end of April, 530,000 square meters of industrial buildings were advancing in the country's capital, which for the size of the industrial market that the capital represents is still a very low amount.

As a standard of comparison, this amount represents about 63% of what was built a year ago. And if it is compared with what is currently being built in Monterrey, in the country's capital, about 35% of what is being built in the royal city is being built.

Of interest: Industrial Solili Report April 2023, demand exceeds by 82% that registered until April 2022

A mix of factors affect both markets, such as the impact of inflation on costs that affects replenishing industrial warehouse inventories, but the issue of land availability for industrial use would be affecting more directly in Mexico City.

This same scarcity impacts that the demand that seeks to be located in the shortest possible time and at the most reasonable cost has to extend the search to new geographical locations such as the case of the Bajío, which manages to position itself both in warehouses for logistics and manufacturing use.

Low availability is another additional element that further complicates the possibility of finding suitable spaces to settle or expand in Mexico City. At the end of April 2023, the capital has a vacancy rate of 1.8%, which has been decreasing by three percentage points in the last two years.

The availability of more than 315,000 square meters is located mainly in Toluca, which groups close to a third of the vacant spaces, while the corridors that make up the CTT (Cuautitlán, Tultitlán y Tepotzotlán) still have surfaces that together add up to 113, 47 and 10 thousand square meters of industrial buildings, respectively.

Consult here: Fibras take advantage of investment opportunities in the face of the boom in industrial demand in Mexico

Large stores dominate the industrial projects underway in Mexico City and close to 70% of the total areas correspond to warehouses from 20,000 to 59,000 square meters, where a dozen constructions go hand in hand with the speculative offer that prepares to receive the large surfaces that land in the capital.

Therefore, the industrial demand projected for the next two quarters requires a greater dynamism of speculative construction that includes medium-sized and smaller than 10,000 square meters to complete the gear of suppliers of industries such as logistics, light manufacturing, and inputs. doctors, mainly.