With the end of 2021, Mexico hopes to regain the dynamism prior to the pandemic where the economy previously grew at average annual rates of 2.7%; However, after the strong contraction of 8.3% registered in 2020, the average growth of 5.59% estimated in the latest survey of expectations carried out by Banxico.

For the different sectors of the Mexican economy, the recovery has been uneven, the same situation that happens in the real estate industry. Some segments have been marked by the slowdown in investment, while others have taken advantage of a panorama of changes in consumption habits, such as the industrial sector, which has shown to be the one with the greatest resilience and transformation.

Check here: Guadalajara reports historical industrial demand in 2022

"The average growth of the industrial real estate inventory in Mexico reached more than 5% in a market strengthened by the crisis, standing out for its competitiveness and dynamism in the main cities", highlights Solili's national industrial report for the fourth quarter of 2021 (4Q21).

In relative terms, Guadalajara, Mexicali, Saltillo and Querétaro registered the highest annual increases in inventories between 7 and 10%. In absolute terms, the Metropolitan Zones of Mexico City and Monterrey lead the way.

Regarding prices, most of the markets reported increases due to the pressure generated by the low availability rates, the increase in the prices of construction materials, as well as the need to generate spaces with more technology and quality in construction , which implies higher cost increases for developers.

Likewise, industrial construction has had a rebound closing 2021 with a total of 3.7 million square meters, with Monterrey leading the segment with 935 thousand square meters that advance in various phases, followed by Ciudad de México and Tijuana with 742 and 435 thousand meters squares, respectively.

Of interest: Capital injections for industrial developers project the Mexican market

Due to demand, the indicator is at historical levels in some markets and at the end of 2021 the total annual figure for the country is 6.6 million square meters, which represents almost 70% more than what was demanded in 2020; Monterrey became the leader at the national level, displacing CDMX to second place.

Key risk factors such as the rapid increase in the prices of raw materials that underpin exports, the shortage of some inputs such as semiconductors and the way the government handles the energy issue will allow or not to consolidate the value chains in Mexico, allowing that the country has safer suppliers with guaranteed delivery capacity on time.

In Solili you can consult industrial warehouses available in Ciudad Juárez, Chihuahua, Tecate and Puebla.

Original note