Currently in the industrial market of Mexicali, the demand for spaces has been mainly influenced by warehouses of 4.6 to 6.5 thousand square meters, on average.

Commercial activity in the last quarter reported a notable improvement, reaching lease levels from periods prior to the pandemic. During the April-June 2021 period, 43.7 thousand square meters were leased, mostly concentrated on the Mexicali-San Luis Río Colorado submarket, with logistics, labeling, bottling, repackaging and manufacturing companies that mainly demanded industrial space in this city. .

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During the second quarter of the current year, construction began almost 16 thousand square meters, 67% corresponding to custom developments (BTS). This has been a constant in the market, since the spaces that companies demand are of very specific characteristics, which forces the developer to propose this type of spaces and that in turn benefits them since they are mostly contracts of long term.

Despite the fact that some works presented some delays, during this period the construction of almost 28 thousand square meters was completed, which are added to the inventory, of which 92% of these projects were BTS.

With this result, the inventory closed the second quarter of 2021 with 2.8 million square meters of which 75.3 thousand square meters are available, which means 2.6% of the total market.

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The average starting price is at $ 4.2 per square meter per month, reaching the highest rental price Solili has ever recorded. This price represents an increase of 8.7% compared to the first quarter of the year and an increase of 4.3% compared to the same quarter of the year 2020.

Mexicali, because it is a market so close to the state of California, took advantage of the impulse that had to reopen the border and that influenced the speed of vaccination that reached the state of Baja California to achieve a rebound in its commercial activity that is expected to continue in the what remains of 2021.