The year 2025 has been characterized by a reconfiguration of the Mexican industrial market, driven primarily by global geopolitical dynamics and the implementation of tariff policies. These factors have generated a climate of greater caution in investment decisions, particularly in the country's northern markets.

Of interest: Solili Industrial Report Q3 2025: High vacancy and low demand accentuate in frontier markets

At the end of the third quarter of the year, leasing activity in Tijuana's industrial market totaled 171,000 square meters, a 32% contraction compared to the same period in 2024.

In contrast, move outs of industrial space during the quarter reported a sharp increase, with more than 215,000 square meters of vacated space.

See here: Office leasing in Monterrey increases 55% during Q3 2025

As a result, vacancy levels have increased stronly in the border market. At the end of Q3 2025, Tijuana reported a vacancy rate of 8%, the highest in the country, which in absolute terms translates to more than 790,000 square meters of available space.