These are the markets that have demanded the most industrial space during 2022
Solili | November 13, 2022 |

With the figures in hand from the recent measurement at the end of October 2022 carried out by Solili, the accumulated industrial demand between January and October exceeds 1.5 million square meters, keeping the Monterrey metropolitan area at the forefront of the accumulated industrial demand in what It's from 2022.

Mexico City is in second place with just over 1.2 million square meters, which is the result of the strong momentum it registered specifically in the third quarter of the year, where it managed to outperform Monterrey by 127 thousand quarterly square meters.

Currently there are two months left to complete 2022 and the advantage that Monterrey's gross demand has with respect to Mexico City is 272 thousand square meters, which makes us think that the capital of the country should make a tremendous effort in the meters before the goal to overcome the momentum with which Monterrey is coming.

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For example, if we analyze the figures at the end of 4Q 2021, the quarterly difference between Monterrey and Mexico City was 90 thousand square meters, so if we project this behavior, we would be facing a scenario where Monterrey would once again rise to the first position.

Both the governments of Mexico City, State of Mexico and Monterrey have been very active in their communications to differentiate themselves and compete seeking to attract the largest foreign direct investment to their regions.

But if we analyze 2022 as a whole, the strong demand from the border has created an important pole where Monterrey should not only be analyzed isolated but as a cohesive region.

Under this analysis, the accumulated demand of the five most active entities in the first 10 months of the year represents 70% of the total. In that photograph they are ordered, Monterrey, Mexico City, Querétaro, Saltillo and Guanajuato. By uniting the results by region, the north, which will group Monterrey and Saltillo, which have 47% of the total, followed by the Metropolitan Area of Mexico City with almost 30%, leaving the remaining fourth in the shoal that unites the result. from Queretaro and Guanajuato.

If anything has been shown this year, it is that investors and developers are willing and have the necessary experience to face any challenge that comes their way in terms of inflation and they know the importance of completing the projects they undertake with costs and time.

Of interest: Industrial demand in San Luis Potosí during 3Q 2022 tripled that reported a year ago

But the greatest risks correspond to the fact that there are lands with infrastructure where government work is key together with the issue of physical security. There have been cases where the developers assume part of the risk in matters pertaining to government activity, such as collaborating in completing some phase of the electricity or water supply, in order not to stop the works in progress.

These conditions demand decisive action on the part of the authorities so that long-term protocols are activated to plan strategic issues that will make the difference for Mexico as the winner of the nearshoring phenomenon in America.

It is a pragmatic issue, as in the case of electricity supply, that the more bidders participate and the more state control is diluted, the greater opportunities there will be to propel Mexico to the next level.

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