The Mexicali industrial market closes the month of February with an offer of industrial space that amounts to 159 thousand square meters ready for leasing, reporting a varied offer with space options ranging from 720 to 21 thousand square meters.

Mexicali is currently one of two markets with vacancy rates above 4%, followed only by Ciudad Juárez. The vacancy rate reached its highest point in the last 5 years, closing the month of March at 4.6>#/p###

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Industrial supply in the Mexicali market has experienced notable growth, evidenced by a significant increase of 1.4% in the last year. This increase highlights the dynamism and strength of said market, positioning it as a key player in the regional industrial panorama.

The increase in the vacancy indicator reflects the reactivation of new industrial projects promoted by market developers. These projects have had a significant impact on the generation of new constructions throughout 2023, with a start of 227 thousand square meters, thus consolidating a period of growth and expansion in the industrial sector.

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In addition, during 2023 the delivery of new buildings stood out, reaching a total of 153 thousand square meters completed. These projects, by adding to the available inventory, contributed significantly to the increase in the vacancy indicator, reflecting the dynamics and continuous development of the market.

Despite the increase in the indicator, prices remain stable, ending February with an average rent of $6.32 dollars per square meter. At the same time, the vacancy rate has demonstrated a solid recovery, which will make it easier for companies looking for space to find the necessary requirements to invest in the second most important city in Baja California.