Guadalajara starts 2023 with strong demand and construction activity
Solili | February 14, 2023 |

The industrial market of Guadalajara maintained a decrease in its industrial vacancy, decreasing from its maximum level with 7.16% registered in February 2021 until the end of January 2023, where it reports half a percentage point, the lowest in the last four years.

The industrial net absorption of 2022 reached 423 thousand square meters and managed to exceed the accumulated total of 2021 by a third, although the gross absorption registered a contraction of more than 31% if we compare the accumulated figures of 2022 with respect to 2021.

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If we consult the Solili platform at the end of the first week of February, 265 thousand square meters are advancing under construction where 64% is still available. Here we can observe the phenomenon of speculative constructions that start and immediately become pre-leased, which looks very attractive for real estate developers who have a stock of land with infrastructure to take risks with the start of new projects.

The available warehouses range from 1,500 square meters to the largest with 27.6 thousand square meters, this last warehouse located on the Vesta Park Guadalajara Park.

However, the start of the year has been dynamic if we analyze the almost 45,000 square meters of gross demand registered during January 2023, where scheduled vacancy has remained at minimum levels.

So far in January and early February, construction has already begun on two speculative warehouses whose surfaces exceed 30,000 square meters, so we can provide a much more active closing of the first quarter of 2023 than in the same period of the previous year.

According to figures published at the end of 2022 by the Institute of Statistics and Geographic Information of Jalisco, the Foreign Direct Investment (FDI) figure for 3Q 2022 is 430.7 million dollars, a figure that is 105% higher than that registered in the same quarter of 2021. In turn, this amount places Jalisco in the fourth position at the national level, preceded by Mexico City, Guanajuato and Chihuahua.

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The accumulated figure of FDI between January and September allows Jalisco to total 2,396.1 million dollars, of which about 31% corresponds to new investments that landed in this period in the entity. Here manufacturing activity takes the lead with 36.4% of the total registered during the first nine months of 2022.

Regarding the origin of the investments, the United States, the United Kingdom and Canada concentrate 77.2% of the accumulated amount in the first three quarters of 2022.

These indicators reinforce that 2023 brings great opportunities to this important market that increasingly attracts activities that incorporate greater added value to what is produced in Guadalajara lands.

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