At the end of the second quarter of the year, industrial con instructions nationwide exceeded 5.6 million square meters. The four entities of the shoal that Solili monitors manage to reach 16% of the total with the advancement of 900 square meters of industrial buildings under development.

Specifically, in Guanajuato, more than 360,000 square meters are being built, of which about 93,000 square meters began this quarter that just ended.

Of interest: Main submarkets in the north of the country that attract industrial demand

Although the amount that is built has not yet reached the maximum registered in mid-2022, the amount that is built is on the rise and shows a significant growth slope, motivated by the decrease in industrial vacancy that since March 2021 registered above the 9% and currently reports 3.1% at the end of June 2023.

This constructive push seeks to meet the industrial demand that is still present and that totals 210,000 square meters during the first half of 2023 and continues with growing projections for the remainder of the year.

When reviewing the reported figures of Foreign Direct Investment during 2022, issued by the Ministry of Economy, the entities that make up the bajío captured 1,564.5 million dollars of foreign capital, an amount of which 53.2% came from Japan and China. Guanajuato was placed as the entity with the greatest attraction of Asian Foreign Direct Investment in 2022, with 832.8 million dollars.

The manufacturing vocation of this market in the development of various industries, such as the automotive industry, favors companies that expand their production, which is why they demand larger industrial spaces.

See also: Solili Industrial Report 2T 2023, vacancy and exchange rate increase prices by 15% per year

The governor of the entity in recent statements in mid-June indicated that they hope to attract 7 billion dollars of foreign investment this year. As a result of the tour that just ended in Japan and South Korea, more than one billion dollars in expansion projects were completed in the 15 companies that were visited, mainly from the automotive sector.

The automotive companies Yazak and Furukawa Automotive Systems Mexico will each invest 5 billion dollars in the entity. The first is dedicated to the development of components for the automotive industry and the second manufacturer of automotive systems and electronic equipment will expand its facilities in the Sendai Industrial Park.

Toyota, Denso and Honda join the investment groups that maintain their commitment to this important market in the shoal, which offers qualified labor and availability of buildings within its main industrial corridors that have above-average road and electrical infrastructure national.