Although the COVID-19 pandemic has slowed down the residential and corporate markets, for the industrial sector there seems to be a boost thanks to the boom in electronic commerce and that in recent months has triggered the need for industrial warehouses for logistics.

In addition to this factor, the entry into force of the Trade Agreement between Mexico, the United States and Canada (T-MEC) in July 2020 should also be considered, which has made more investors turn to the north and center of the country, which have with various advantages in infrastructure, to install their companies.

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

70% of the construction is concentrated in the markets of Mexico City, Monterrey, Guanajuato, Saltillo and Ciudad Juárez.

Saltillo, for example, last February announced the investment of the Chinese company BTL, in charge of manufacturing parts for car safety, in that city with an investment of 50 million pesos.

During February, the construction of various speculative projects began, mostly to satisfy demand in markets where availability is scarce, such as Tijuana, Ciudad Juárez and Guadalajara.

A case of industrial development derived from scarce availability is Tecate, in Baja California, where last month the economic promotion agencies of Tijuana, Tecate, Mexicali and Ensenada signed an Alliance agreement for the promotion of Baja California, in which they formalize joint actions to attract investments for the entity.

In the northeastern Mexican markets, activity has remained stable, expecting it to reactivate in the coming months. Monterrey, the main market in the area, reports a demand, until February, of almost 50 thousand square meters, while Saltillo of almost 15 thousand and Reynosa of 6 thousand meters.

The metropolitan area of Mexico City continues in its position as a national logistics hub, so companies of these lines, as well as some retailers, have demanded industrial space during the month of February.