Chihuahua Industrial Market underpinned by aerospace industry
Solili | April 27, 2021 |

Traditionally, the industrial market of Chihuahua has been characterized by having an aerospace cluster developed to house some of the most important companies at an international level.

Part of the growth that the industrial real estate market has had in this city is due to companies in this industry that continuously demand space.

The industrial market of Chihuahua at the end of 1Q 2021, presents an inventory of 2 million 507 thousand 161 square meters, with a vacancy rate of 5.6%.

This market offers speculative spaces with areas ranging from 800 to 22 thousand square meters. In it, the aerospace industry has been of such importance that in 2020 it was positioned as one of the best five cities in the world to invest in the sector. It is the industrial market that concentrates 25% of the country's aerospace plants.

Cessna, Beechcraft, Bell Hellicopter and Honeywell have created approximately 15 thousand direct jobs and received investments close to 1.5 billion dollars.

During this quarter, said industry presented a closure of almost 5,600 square meters in the Oriente corridor. However, net absorption presented a negative behavior, closing the first quarter of the year with -4,019 square meters.

The presence of industrial developers such as American Industries, Finsa and Intermex, as well as some regional ones such as IGS or fibers such as Fibra Nova, are focused on offering alternatives to attract or generate new investments that continue to make the market stand out as the benchmark for aerospace investment.

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