Experts foresee an increase in this type of construction in the next three years; demand is so great that developers are looking for land to increase their portfolios

Experts foresee an increase in this type of construction in the next three years; demand is so great that developers are looking for land to increase their portfolios

Tijuana's industrial market is registering such growth that buildings cannot be erected fast enough to meet demand and developers are looking for land to continue increasing their portfolio and to take advantage of the wave of companies wanting to establish themselves in this area. part of the country.

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Given the city's geography, developers can only focus their search for land to the south, near the Natura area, and to the east, in the Valle Redondo area, which is a new development opportunity, according to Genaro López. , an analyst at Newmark.

“In past years, interest in this area had been minimal, but with the closing of the largest operation this quarter by FINSA, of an industrial warehouse under construction, attention was paid to this area of the city, which may increase exponentially.

With the difficult topography of the city, relatively flat land to the east could be the new focus for growth,” said Genaro López.

In Tijuana, construction continues despite the rise in material prices, which is why there will be an increase of more than 200 hectares of industrial parks in the city within the next three years.

The pre-leasing trend continues and due to the lack of available buildings, users are leasing projects under construction and even in the earthmoving stage.

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With vacancies at historical lows, construction is looking to meet demand for Class A buildings and Tijuana is projected to maintain low vacancies in the coming months.

"In previous years, we saw fixed rent increases, developers now manage clauses where these increases are established, according to the United States consumer price index," said the Newmark manager.

In Solili you can consult industrial warehouses available in Saltillo, Monterrey and Tecate 

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