In the course of the last quarter of the year, the strength that the Mexican real estate market continues to show leads us to a closing scenario where the gross demand for 2021 is exceeded in the midst of a vacancy that reaches historical minimum levels with rental prices that rise in percentages between 10% and up to 25% per year.

During the first three quarters of the year, gross industrial demand is already almost 20% higher than that registered in the same period of 2021. The largest absolute increases are registered in Mexico City , Monterrey and Saltillo, which already exceed 458, 361, and 185 thousand square meters accumulated between January and September 2021.

In percentage terms, four border markets, such as Chihuahua, Saltillo, Reynosa, and Monterrey, already exceed the accumulated value of the three quarters by 270%, 47%, 42%, and 39% compared to the same months of 2021. Querétaro and Guanajuato in representation of the Bajío are not far behind and register increases of 80% and 30% of the gross demand, respectively, in these accumulated nine months.

Check here: Guanajuato and Querétaro boost the lowlands with rising net demands

The northern border exhibits the presence of metalworking, furniture, electronics and other high-end exports that are in demand so far in 2022, while the automotive, logistics and light manufacturing industries dominate in the central region and the shallows.

Regarding vacancy, we could still expect some downward adjustments because although construction has increased and currently at the end of 3Q 2022, 5.3 million square meters are advancing, an amount that is 60% higher than what was being built a year ago. , what is built fails to meet the pace of demand.

In addition to this, the BTS projects continue to dominate the national scene and when these ships are completed they enter the inventory already occupied, so only a more pronounced speculative bet will affect the decrease in rental prices.

In the last report issued by the Ministry of Economy, it indicated that at the end of the first semester of 2022 it totals 27.5 billion dollars, where just over a third corresponds to manufacturing and 43% of the total corresponds to new investments, so we could expect a firm committed to new manufacturing investments to land on Mexican soil.

Of interest: Saltillo Market among the markets where the largest industrial construction is generated

The relocation of production processes has found fertile ground in Mexico where the T-MEC and just over a dozen Free Trade Agreements signed with 46 countries allow the legal security that investments demand for their entry.

Investors and developers of industrial parks are attentive to the demands of the demand and specify the operational modifications that comply with national and international regulations in terms of security, sustainability, energy, and cybersecurity. 

Markets such as Monterrey, Saltillo and Mexico City can offer parks that can compete on equal terms with others located in the United States.