At the end of the second quarter of 2025, Monterrey recorded an industrial vacancy rate of 5.4%. This equates to more than one million square meters of immediately available space, making it the market with the highest availability nationwide.

The number of available square meters in Monterrey increased sharply, tripling the figure recorded in Q2 2024. This increase was driven by the continued completion of speculative projects that were added to the market, the slowdown in demand, and higher vacancy levels.

Of interest: Solili Industrial Report Q2 2025: Vacancy on the rise: There are 4 million square meters of vacant space in Mexico

At the end of Q2 2025, nearly 260,000 square meters of speculative projects had completed construction and entered the Monterrey market. These include top-level developments by companies such as Prologis, Vynmsa, Vesta, and others.

The vacancy of industrial spaces has also contributed to the rise in vacancy, reaching high levels. At the end of Q2 2025, nearly 215,000 square meters were registered as vacant. A notable example was the vacancy of a large space in the Santa Catarina submarket, leaving more than 110,000 square meters vacant.

See here: Guadalajara: Industrial leasing reached 190,000 square meters in January-June 2025

Currently, more than 700,000 square meters under construction correspond to speculative projects currently being marketed, which are expected to become vacant in the coming months, once completed. This figure reflects the optimism and commitment of the most active developers in the market to potential investment in the region.