Nearshoring quadrupled the demand for industrial spaces in the country
El Economista | March 17, 2023 |

Mexico is going through an "industrial boom" caused by nearshoring, which is the relocation of foreign companies in search of manufacturing points that allow their products to be distributed without affecting supply chains.

This has allowed the national territory to position itself as the ideal place for such purposes.

This trend has led to a flood of investment and accelerated growth in the real estate sector. Currently, the demand for industrial spaces in the country is at least four times greater than that registered a year prior to the Covid-19 pandemic.

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"There is a lot of demand and few spaces available, so the construction sector will continue to grow strongly in the following years to meet these needs," said Pedro Valdés, general director of Escala during his participation in a meeting organized by Invest Monterrey .

Given their manufacturing vocation, the northern states have been the main beneficiaries; Nuevo León has captured 50% of the investment, followed by Coahuila (11%), and Chihuahua (7%).

In this sense, Manuel Rodríguez, general director of Ainda Energía & Infraestructura, expressed that it is necessary to measure the opportunity that the Mexican nation has in its hands. The specialist explained that China exports 4,000 billion dollars a year, so if Mexico removed 10%, one could speak of an 80% increase in the country's exports. Given this scenario, he stressed that it is a priority to address the issue of infrastructure:

"In Nuevo León, the highway system has many bottlenecks between Monterrey and Nuevo Laredo. Also, the port capacity of the country will not be enough towards Asia and we know that Mazatlán is a facility with limitations," Rodríguez said.

The constant challenge to meet the demand for industrial buildings in Mexico is the infrastructure for electricity and water services. An issue that, according to the Ainda executive, the government will not solve on its own, but will require private investment.

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In this regard, Paulina González, director of the northeast region of American Industries, shared that there are projects with 15MW requirements, almost everything that an industrial park offers, for which they require their own substation.

This lack of infrastructure has affected the costs and construction times of industrial buildings in Nuevo León. Today, the delivery of a building of this type can take eight months, when the average was four.

"In addition, the costs of new buildings increased 15% from the end of 2021 to the present. However, Mexico continues to be a competitive country with favorable costs against others such as the United States or China," González concluded.

In Solili you can consult industrial warehouses available in Ciudad Juárez, Reynosa and Chihuahua 

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