Tijuana's industrial market has experienced a decline in demand as a result of the global economic outlook, especially due to its close trade relationship with the United States, as it is a strategic border crossing for exports.

Of interest: Solili Industrial Report 2Q 2025: Vacancy on the rise: There are 4 million square meters of vacant space in Mexico

Despite changes in the market's commercial dynamics, investment in new projects remains strong. During the first half of 2025, industrial construction activity in Tijuana has remained dynamic, with a total of 230,000 square meters under construction. However, despite the high volume of developments underway, this figure represents a 25% decrease compared to the construction starts recorded in the first six months of 2024.

At the end of June 2025, total construction in Tijuana reached 4.6 million square meters in the development process, all of which are available and are being marketed with rental prices ranging from $8.07 USD/m²/month to $9.47 USD/m²/month.

See here: Industrial supply in Puebla reaches 46,000 m² by the end of June 2025.

While developers' optimism continues, with the start of major projects distributed throughout the city, market demand has slowed. Between January and June 2025, occupancy reached approximately 62,000 square meters, equivalent to one-third of the volume recorded in the same period last year. Despite this, interest in the market remains high, with several spaces in advanced stages of negotiation.