If we carry out a review of the availability of industrial buildings in Reynosa, we can observe an annual reduction of almost two percentage points of its vacancy, which closes the month of April 2022 with 2.5%, the lowest figure recorded since Solili began monitoring this market.

Availability currently covers 12 industrial buildings with options ranging from 1.2 thousand to 15 thousand square meters, although the distribution of this availability is uneven when compared to the location of the inventory.

The Airport-Puente Pharr and Poniente submarkets, which together account for 90% of the city's industrial inventory, only account for a third of the vacancies, while the North corridor has just over 60% of the available spaces, of which all of it is located in MaquilPark.

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This strong decrease in vacancy has activated the construction that currently exceeds 185 thousand square meters of industrial buildings that are advancing in various phases of execution.

Of the buildings that are currently being built, 57% of the surfaces correspond to custom-made projects and the remaining 34% correspond to the speculative modality.

The custom-made projects range from 23,000 to 67,000 square meters, and the latter corresponds to a logistics company that seeks to establish its presence in this city.

This border market has seen its gross demand increase by almost a third if the indicators for the first quarter of 2022 are compared with the same period in 2021, which, although it had been characterized by the strong presence of the manufacturing industry, started the year with a variant by incorporating demand from the logistics business.

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Prices have also shown an upward trend from October 2021 to the end of the first quarter of 2022, having registered an increase of 7% in this period, although the indicators at the end of April 2022 show a downward adjustment that places it at $3.47 dollars per square meter per month.

Projections in the industrial market, specifically in border cities and in the midst of a scenario where construction costs seem to continue to rise throughout 2022, suggest that developers will cautiously follow the behavior of demand, closely monitoring the reserves of land available.

The price of land and keeping construction costs under control are key when it comes to assuming the risk of developing a speculative project in the midst of a market that registers low availability in the midst of increasing rates of gross industrial demand.