The demand for industrial spaces in Mexico in the last three years has been covered with existing inventory. However, there is much expectation of requests from new investments that generate great attention in the market, so we will address the points of view of various specialists who show us the perception of the future of the real estate sector of industrial parks.

 In the opinion of the president of the Mexican Association of Private Industrial Parks (AMPIP), Sergio Argüelles, the relocation of company supply chains reached a historical record in 2022, maintaining a level of over 97% average possession, which reflects an annual growth of 30%.

Of interest: Submarket Airport-Pharr Bridge concentrates the industrial demand of Reynosa

Arguelles believes that the trend will remain constant for the next three or four years, which is why he foresees a potential demand of 1.8 million square meters (m2) due to the relocation of supply chains. In addition to this, the extensions that each associated AMPIP developer has in their respective timelines must be incorporated.

An analysis by Cushman & Wakefield highlighted the integration that Mexico has achieved to join the North American supply chains. Cities that are highly export-oriented in manufacturing and are close to the United States have outperformed over the past three years.

According to the opinion of the real estate brokerage firm Newmark, at the end of 2022, both the industrial markets on the Mexican border, as well as the Northeast and West regions of the country, such as Monterrey and Guadalajara, have raised historic absorption figures with leases of industrial surfaces with vacancies less than 1% of the total inventory of industrial buildings for rent, which reflected the surge in demand.

For its part, the Solili platform reported that in 2022 it presented a historic petition for industrial spaces. "The accumulated gross industrial demand during 2022 in Mexico exceeded 7.4 million m2, exceeding by 12% that registered in 2021."

Check here: Industrial demand in the North of the country exceeds 1.8 million m² in the course of 2023

However, Deloitte's vision in this regard is that the construction of industrial zones remains behind. "This could mean that the demand for industrial spaces is still being covered with the existing supply, that is, that there is still no exponential demand for investments that require new productive spaces," he stated in the document called "Nearshoring in Mexico" .

For his part, Solili commented that "the construction of industrial buildings nationwide closed the fourth quarter of the year (2022) with projects totaling almost 5.3 million m2, which is 42% higher than what was built in the same period." from the previous year. In this indicator, Monterrey leads the way by concentrating almost 28% of industrial constructions

"Mexico City, Querétaro, Tijuana, Saltillo and Ciudad Juárez follow at a greater distance with 565,000, 505,000, 488,000, 472,000 and 453,000 m2 of industrial works in progress," the document reads.

In Solili you can consult industrial warehouses available in Reynosa and Guadalajara

Original note