The north has become the main option for foreign companies, since in their quest to maintain proximity to the United States, states such as Nuevo León are in their sights to establish themselves and occupy their industrial warehouses.

This option has become popular, according to the opinion of Roberto García, general director of Foinbra, a real estate fund focused on commercial property investments. García indicates that the price per square meter of industrial buildings in Monterrey is at 5 dollars, while states like Huston are at 7 or 8 dollars.

Of interest: Unstoppable industrial demand in Mexico. Reported historical levels during 2022

In addition to the affordable rental price, the operating cost is also low, "Mexico allows ship operation savings of up to 43%, cheaper than the United States, which only allows savings of 23%," explains the interviewee.

It is therefore not surprising that companies like Tesla are finalizing plans to build an assembly plant for electric vehicles. The plant will be located in an automotive corridor in Nuevo León that already houses factories for General Motors and Kia Motors, as well as a unit for South Korea's Hyundai Kia.

Another important factor is proximity. According to the expert, producers look for ways to ensure their long-term supply chains, so being so close to the neighboring country reduces these risks. "How in the case of the automotive company Tesla that its glass is produced in Monterrey and is finished assembling in California" explains the interviewee.

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According to the general director of Foinbra, the demand and interest in establishing themselves in Monterrey are justifiable since the reduction of costs in both rent, distribution and operating costs benefit the producing companies.

Although the city has stood out for multiple benefits for companies, it also suffers from certain impediments, such as the issue of electricity supply that delays production, which impacts the cost of renting industrial buildings, adds García.

In Solili you can consult industrial warehouses available in Saltillo and Ciudad Juárez

Original note