At the close of Q2 2026, the Mexican industrial market had an inventory exceeding 113 million square meters, of which approximately 6 million remained available, equivalent to a national vacancy rate of 5.2%.

Of interest: Industrial vacancy on Mexico's northern border exceeds 2 million square meters

Compared to Q2 2025, the vacancy rate increased by 1.3 percentage points, reflecting greater availability of industrial space as a result of new supply and a more moderate absorption rate.

Tijuana has the highest vacancy rate in the country at 9.7%, followed by Monterrey and Reynosa, both at 6.5%, and Ciudad Juárez at 6.1%. Together, these markets account for 3 million square meters of available space, representing 54% of the national supply.

In contrast, Aguascalientes registered the lowest vacancy rate in the country at 1.0%, followed by Puebla at 2.1% and Saltillo at 2.8%, remaining markets with the lowest availability of industrial space.

See here: Guanajuato industrial market registers 7% annual increase in rental prices

The increase in industrial supply has also impacted industrial construction activity. During Q2 2026, the area under construction decreased by 20% year-over-year, compared to the same period in 2025. This trend reflects greater caution on the part of developers, who have moderated the start of new projects given the increased availability of industrial space.