At the close of the first quarter of 2021, the Tecate industrial market reported approximately 300 thousand vacant square feet, most of it concentrated in the Tecate-Tijuana submarket. A relevant characteristic is that most of them are small, ranging between 20 and 50 thousand square feet.

Complexes with small and / or subdivisible spaces, also called mini warehouses, have become a trend in this market. This was reflected in the leasing during the year 2020, which fluctuated between spaces of 20 thousand and 40 thousand square feet mostly. It is anticipated that companies of different lines of business will increasingly require these spaces for logistical purposes.

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Until March 2021 Solili reported the construction of 162 thousand square feet in Tecate, with an average building size of 54 thousand square feet, however it is estimated that dimensions less than this figure will predominate during 2021.

The average rental price in Tecate is between $ 0.43 USD / ft2 / month, which makes it one of the most competitive prices nationwide.

Solili estimates that during 2021 the Tecate industrial market will have demand levels higher than those of 2020, one of the reasons is the economic promotion alliance between the governments of Tijuana, Tecate, Mexicali and Ensenada; that looks for actions that generate to the state a greater promotion for the investors of the industrial sector.

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