The activation of industrial demand so far in 2022 has been the key indicator that has determined the growth of this real estate sector in Mexico.

In the presence of a scenario of high inflation and interest rates, the Mexican economy has come out stronger, which confirms the growth of 1% of the Gross Domestic Product (GDP) at the end of the second quarter of the year, according to the National Institute of Statistics and Geography (INEGI) in its recently issued bulletin on timely estimation of GDP.

Thus, GDP growth totals 2% in the first half of the year. During the first quarter of 2022 alone, the automotive sector increased investment by 300% compared to the same period in 2021. Assemblers, assemblers, and Tier 1 and 2 auto parts companies have underpinned this growth, where entities such as Guanajuato, Saltillo, Querétaro, Estado de México y Monterrey. 

If, on the other hand, we review foreign direct investment at the end of the first quarter of the year, which totaled 19.4 billion dollars, manufacturing represented 24.2%. Manufacturing as a great driver of the Mexican economy has had a presence in the industrial growth hand in hand with the electrical and electronics, food and beverage, metalworking, textile, aerospace, and plastic sectors, to name the most representative.

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The logistics sector, with a focus on distribution and storage, had already participated in a large part of the demand at the end of 2021, and which has continued to strengthen during 2022, after the Covid-19 impacted the consumption habits of Mexicans during 2020 and 2021, growing electronic commerce at levels above the world average.

According to data from Solili, during the first half of the year, the sectors that have demanded the greatest number of industrial square meters are the automotive sector, with almost 27% of the total demand, followed by manufacturing with 22.5% and logistics with 14%. Some other sectors also stand out, such as furniture, electronics and medicine.

When we analyze the composition of the demand so far in 2022 in Monterrey, Mexico City and Guanajuato, which concentrate just over half of the demand nationwide.

In the case of Monterrey, a third of the rental operations closed during the first half of 2022 correspond to surfaces greater than 10 thousand meters and total three quarters of the areas traded. The furniture sector, light manufacturing and electronics dominate with their presence with some occasional participation of the logistics sector.

Mexico City presents a decisive participation of the logistics sector with a timid presence of light manufacturing within the demand registered in the first half of the year, where operations of sizes greater than 10 thousand square meters represent 22% in terms of the number of operations and 52% of registered areas.

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Saltillo and Querétaro are positioned in the fourth and fifth place of the national gross demand in the second quarter of the year.

Saltillo registered a semi-annual demand of almost 244 thousand square meters where a dozen ships with dimensions between 10 thousand and 32.4 thousand square meters concentrated 80% of the transactions of the period, where the automotive sector largely dominates the demand.

Querétaro manages to close almost 109 thousand square meters for rent in the second quarter of the year, which, if added to what was registered in the first quarter of the year, totals 289 thousand square meters, of which the lines of aeronautics, manufacturing, datacenter and a small participation of logistics make up 14 closures that represent 80% of the areas agreed in the semester.

The remainder of 2022 is expected to show similar behavior since each aforementioned Mexican industrial market has managed not only to position itself in its capacity to attract investment, but has also developed the integration of suppliers and raw materials required to provide feedback to an institutional industrial market that is growing. and is positioned as an international reference.