During the first half of 2025, the industrial real estate market in Mexico entered a transition phase, characterized by an increase in vacancy and more subdued rental demand, although rental prices remained firm.

Of interest: Solili Industrial Report Q2 2025: Vacancy on the rise: There are 4 million unoccupied sqm in Mexico

The national vacancy rate stood at 4%, representing an annual increase of 140 basis points. Markets such as Tijuana, Juárez, Reynosa, Mexicali, and Monterrey exceeded 5%, with Guanajuato being the exception, registering a decrease in vacancy.

Construction activity also showed a decline. By mid-year, total construction volume was 4.8 million square meters, representing a reduction of approximately 700,000 square meters compared to the previous year.

The average rental price nationwide was $7.16 USD per square meter per month, up 36 cents compared to the same quarter in 2024. Mexico City reported the highest prices at $9.47 USD per square meter.

Check here: Data Center investments in Guanajuato increase through 2025

The most evident trend is the increase in vacant industrial spaces, reflecting a drop in demand due to global economic uncertainty, which has led many companies to postpone or reevaluate their expansion projects.

At Solili, you can view available warehouses in: Mexico City, Guanajuato y Saltillo

Original Note