Monterrey could spin two consecutive quarters as the largest demand for industrial space
Solili | September 24, 2021 |

The city of Monterrey has stood out at the national level for combining a stable market that has infrastructure and connectivity with the complement of a technically and professionally qualified workforce that have underpinned its projection of industrial growth in recent years.

Another advantage of the city is the balance of its offer of all real estate sectors, which becomes decisive when businessmen and professionals decide to live in the city.

It is known that as a result of the pandemic, various companies were seeking less dependence on Asia, which led them to restructure their manufacturing. The T-MEC signed by the United States, Canada and Mexico would be the ideal vehicle to carry out these investments.

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Monterrey therefore manages to combine these strengths in a mature and institutional market that every day takes greater advantages over multiple markets that previously occupied the demand.

By counting the first three positions of gross demand at the national level at the end of 1Q 2021, they were occupied by Mexico City, Ciudad Juárez and Guadalajara, with 260.7, 225.4 and 162.9 thousand square meters, respectively.

They were followed closely by Monterrey, which registered 154.3 thousand square meters.

Then when the second trimester ended, photography was different. Monterrey led at the national level with 313.7 thousand square meters of gross demand followed by the capital with 288.5 thousand square meters.

The third and fourth positions very close were occupied by Guanajuato and Tijuana, which closed the quarter with 154.9 and 151.8 thousand square meters, respectively.

Now so far in the third quarter of 2021 the first position seems to be headed by Monterrey again, since the accumulated in July and August 2021 registers 234.4 thousand square meters, a figure that exceeds by 31% the accumulated bimonthly demand of the capital .

Mexico City and Tijuana for now occupy the second and fourth national places with 178.3 and 172 thousand square meters.

When we further analyze the composition of this demand during 2Q 2021, we observe that 84% corresponded to Class A warehouses, of which 37% were warehouses with sizes between 1.4 and 8.4 thousand square meters.

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This significant participation in the number of operations in this segment highlights the interest in warehouses with smaller surfaces near the urban centers where the demand originates.

The other trend is the construction of large sizes for the logistics segment, such as the BTS of 92.9 thousand square meters on the Finsa Santa Catarina II Park, which was the largest demand area quantified at the end of 2Q 2021.

This operation and specifically due to its amount was decisive in the first position that Monterrey would be occupying at the national level.

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