The Guadalajara industrial market has managed to register the second highest quarterly demand of the last three years at the end of the first quarter of 2022 with almost 134 thousand square meters, after the peak reached in the first quarter of 2021 with 186 thousand square meters.

Inventory growth has been 6% per year if we measure it in 1Q 2022 but it came from growing at a rate of 9% the previous year, which gives us an idea of the strong construction movement that was generated in 2021-2020, creating the bases to sustain the investment commitment in a market where manufacturing and logistics advanced consistently.

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As an example, the gross absorption of the first quarter of 2022 reached 100 thousand square meters of Class A buildings driven by companies in the logistics, retail, manufacturing and food and beverage industries.

The industrial absorption of the market is projected to increase with the closing of new custom-made projects or BTS in transactions that are in a state of advanced negotiations, for which an increase in demand is estimated in the coming quarters.

The vacancy rate of the market begins to show signs of decrease, as a result of the sustained demand that the market has presented, showing an annual drop of 1.37 percentage units, which brings it to 2%, one of the lowest levels of the last years.

These signs of low vacancy have activated the alerts of the developers and for this reason more than 111 thousand square meters were built during the first quarter of 2022, which places Guadalajara among the three entities with the largest number of new buildings.

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Of the eight buildings that are currently being built, only three have available space, in sizes ranging from 500 square meters to 30,000 square meters.

The entity will continue to attract investments in 2022, after the performance of the last quarter of 2021 where it managed to rank second nationally in attracting Foreign Direct Investment (FDI) where it manages to attract 763.1 million dollars for this concept, only behind Nuevo León, with 921.7 million dollars, according to comparative data issued by the Ministry of Economy.