Tijuana's industrial market closed the first quarter of 2025 with a gross demand of 41,000 square meters, representing a 63% drop compared to the leasing volume recorded in the same period in 2024.

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The drop in the absorption of industrial space during the first three months of the year is largely attributed to trade tensions between Mexico and the United States, motivated by the renegotiation of treaties and the implementation of new tariffs. This environment has generated a climate of uncertainty that has slowed investment and expansion decisions by many companies.

As a result, several companies have opted to relocate their operations, freeing up previously occupied industrial space in the city. During the first quarter of 2025, the total move out activity for industrial warehouses in Tijuana reached 63,000 square meters, a figure that reflects the direct impact of macroeconomic conditions on the dynamism of the local market.

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Most of the vacated space was concentrated in the El Florido–Boulevard 2000 industrial submarket, which accounted for 76% of the total move out activity. This area, traditionally active in terms of logistics and manufacturing operations, has been one of the most affected by the readjustment of tenant occupancy strategies.

Given that the leasing volume recorded in the quarter was lower than the move outs, net demand in the Tijuana industrial market showed a negative result. At the close of Q1 2025, this stood at -10.3 thousand square meters, reflecting a contraction in sector growth and the need for new strategies to reactivate investor and tenant interest.