For the month of February, the industrial market of Mexicali, Baja California, presented an offer of industrial space with availability of 159 thousand square meters, which translates into a vacancy rate of 4.6%, said offer covers a range of options that They range from 720 to 21 thousand m2.

Of interest: Mexicali reports a strong increase in the supply of industrial warehouses

With information from Solili, the vacancy rate reached its highest point in 5 years, positioning itself with Ciudad Juárez and Chihuahua as the only national markets that report a rate greater than 4 percent.

An increase of 1.4% highlights the dynamism in the industrial sector of the region, new industrial projects were reactivated with a boost that developers gave to the market.

Check here: Solili Industrial Report February 2024: Construction of 705 thousand m² has begun so far this year

These projects have had a quite significant impact with the generation of new constructions throughout 2023, with a start of 227 thousand m2, which consolidates Mexicali in a period of growth and expansion for the industry sector.

Finally, it was also described that prices have been stable over time, despite the increase in the index, closing February with an average rent of $6.32 dollars per square meter.

In Solili you can check ships available in:  Mexicali, Chihuahua & Ciudad Juárez. 

Original Note.