International trade tensions have led to a slowdown in the pace of industrial leasing in Mexico, particularly in the northern region of the country.

Of interest: Solili Industrial Report November 2025: Construction begins on 970,000 m² between October and November

As a result, border markets have seen significant increases in available space. A prime example is Mexicali, which currently offers approximately 250,000 square meters, representing a vacancy rate of 6.3%, the second highest in the country. Only Tijuana surpasses this figure, with 8.2% as of the end of November 2025.

While industrial investments have decreased, optimism in the northern markets remains. The region continues to show strong dynamism, especially in the development and construction of new industrial spaces.

See here: Office construction in Tijuana saw a 25% year-over-year increase

During November 2025, industrial space construction in Mexico exceeded 2 million square meters, 50% of which is concentrated in the northern region of the country, so the supply is expected to continue increasing.