During the last years, the industrial market of Chihuahua has reported a noticeable decrease in the vacancy of industrial properties as a consequence of the sustained demand for spaces in the market. 

This phenomenon has led local developers to reactivate the construction of speculative projects due to the need for spaces for companies seeking to establish their operations in the region.

At the end of August 2023, a total of 133,000 square meters are under construction, of which about 50% is available for lease. There are 6 buildings that correspond to speculative projects that in the coming quarters would become part of the current market offer, which would increase the vacancy by about 70 thousand square meters.

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The limited vacancy in the market has generated competition for the few spaces available in the Chihuahua market. Companies are currently in search of modern and functional facilities that adapt to their operational needs and it is because of this that developers in the region have increased the construction of industrial buildings in order to satisfy market demand.

Among the companies that have been reactivated by starting the construction of new speculative projects in the area are the real estate investment trust Fibra Nova, as well as developers with a national presence such as American Industries and Intermex, which focus their projects on top-of-the-market buildings classified as class A.

The reactivation in the construction of industrial buildings has a positive effect on the economy of the region in terms of generating new jobs, hiring local labor for the development of projects, as well as the maintenance and operation of industrial complexes, which contributes to the economic development of the entity, generating greater attractiveness for the attraction of new investments that promote innovation and economic growth at the local level.

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The low vacancy rate in the Chihuahua market, which for Q2 was already ranked as the second market with the lowest rate nationwide with 0.7%, which has triggered the reactivation in the construction of industrial properties to satisfy the active demand for spaces industrial.

Collaboration between the various actors, both public and private entities, will be key to maintaining the momentum of industrial activity and ensuring that sustained growth in the sector is maintained.