An industrial market that has advanced significantly during 2021 is Monterrey, which already exceeds the capital if we measure it based on the demand of the first three quarters of the year, which accumulates just over 920 thousand square meters and which now represents almost 20% of the total in that period.

Only the third quarter of 2021 contributed more than 450 thousand square meters to this amount, which represented a 44% increase compared to the previous quarter.

Part of the triggers for this growth in demand correspond to the boost in logistics and manufacturing as a result of the economic recovery after the transit of 2020 that was marked by the pandemic.

This quarter, which has just ended, the spectrum of demand has been very broad and is characterized by different trends that in terms of the number of areas is dominated by manufacturing in 66% by warehouses ranging from 20 to 30 thousand square meters.

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In the group of sizes from 10 to 20 thousand square meters we find almost 30% of the areas that made up the gross demand and that are distributed equally between manufacturing and logistics.

If the analysis is carried out on the demand of 3Q 2021 in the format smaller than 10 thousand square meters, the proportion changes and almost 84% is occupied by manufacturing companies, the rest goes to logistics companies.

90% of the demand is concentrated in Class A industrial warehouses, where the Apodaca submarket predominates, with about a third of the warehouses demanded both in quantity and footage.

The second place in the concentration of demand is occupied by the Ciénega de Flores, Santa Catarina and Escobedo submarkets, which proportionally participate in about 17% each of the demand for 3Q 2021.

Regarding the lines of business that determined the gross demand in this period, we find the automotive, food, packaging, industrial equipment industries and the logistics and distribution sector in general, with the range between 2,000 and 30,000 square meters.

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Factors such as proximity and empathy towards the United States have been key for the city to take advantage of part of the economic impact that the T-MEC has brought throughout the year and the investment projections that permeate Mexico in reference to the broad plan of infrastructure that takes place in the northern neighbor.

Other nearby industrial markets such as Saltillo have also grown significantly in terms of demand and constitute a complement to the proximity of suppliers and distributors that complement the supply chains in the firms that settled in Monterrey.

Monterrey will continue to advance in the conformation of an increasingly robust and mature industrial market where the complement of commercial, residential and care uses underpin the decisions to settle in the royal city that guarantees a good quality of life for the permanence of managers and collaborators.