Industrial vacant space in Mexico comparable to the Guadalajara market
Solili | March 31, 2021 |

The sum of the total vacant space of the markets nationwide is 3.7 million square meters, this is equivalent to having a completely unoccupied medium-size market such as the class A market in Guadalajara or San Luis Potosí.

The health contingency brought an increase in activity to the industrial market thanks to the increase in demand from the logistics sector, while the recently signed trade agreements have driven the active search for manufacturing companies seeking to settle in our country.

According to the February 2021 report by Solili, in the indicator of rental prices, the industrial markets of the country remained stable, with the majority showing monthly decreases of less than 1%, while in the annual analysis, it was observed that the Most have increased the starting price, as is the case of Guadalajara, Mexicali, Saltillo, Tecate, Puebla, among others.

Construction activity remained active, especially in markets where demand has been increasing. During the month of February, the start of construction of speculative projects stands out, mostly, this to satisfy the demand in markets where availability is scarce, such as Tijuana, Ciudad Juárez and Guadalajara.

 The sum of construction in the 15 markets currently monitored by Solili, and which are the main ones at the national level, is 2.6 million square meters. 70% of the construction is concentrated in the markets of Mexico City, Monterrey, Guanajuato, Saltillo and Ciudad Juárez.

Vacancy rates were stable and healthy in most markets, which are in the 3-6% range. The Guanajuato market is the one that reported the highest vacancy rate, which is 8.4%, an indicator that had grown in the last three months but decreased 25 basis points during February. The markets that reported the highest number of vacant square meters were Mexico City and Monterrey with a total of 830 thousand and 779 thousand square meters, respectively.

busy as it could be the class A market in Guadalajara or San Luis Potosí.

During the month of November there have been acquisitions by developer companies, among which are properties in the center and west of the country.

For its part, the leasing activity continued active in most of the markets in the north of the country. Companies in the logistics, manufacturing and automotive sectors continue to drive demand in the country.

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