The international economic landscape has gone through a period of instability, marked by trade tensions stemming from the imposition of tariffs by the United States.

Of interest: Industrial rental prices in Chihuahua, among the highest in the north of the country

As a result, investment in the Mexican industrial sector has shown signs of slowing, especially in the northern markets, given their high trade dependence on its northern neighbor.

In this context, Tijuana's industrial market has been one of the most affected. Between January and May 2025, it registered a gross demand of 52,000 square meters, representing a 24% drop compared to the same period in 2024.

See here: Industrial leasing in Monterrey drops 10% compared to April 2024

At the end of May, the industrial vacancy rate in Tijuana stood at 5%, double the previous year's figure. In absolute terms, this equates to nearly half a million square meters available for immediate occupancy.

This increase in supply is due, on the one hand, to the completion of multiple projects that were incorporated into the existing inventory, and on the other, to the high vacancy levels the market has recorded throughout the year.