The cities monitored by Solili that make up the northern border such as Ciudad Juárez, Tijuana, Mexicali and Reynosa only during the month of August 2021 grouped 43% of the demand for industrial buildings in the country.

If we add to these cities the gross demand for the month of August 2021 from the rest of the northern industrial cities such as Monterrey, Tecate, Chihuahua and Saltillo, the figure exceeds 70%.

This boost in demand growth has an impact on the price increase that we have seen develop in the period of one year.

In this group of cities, the highest unit rental prices are located in Tijuana with $ 5.48 dollars per square meter per month; and Mexicali and Tecate, both with rents of $ 4.66 dollars per square meter per month.

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Mexicali is the market that presents the largest annual price difference with 21.8% comparing the figure during the month of August 2021 with 2020.

Tijuana and Saltillo reflected annual increases in rental prices of 11% and 9%, respectively.

In Tijuana, the vacancy remains at the lowest level at the national level with 0.90%, which suggests that there will be greater pressure on the rise in prices and the volume of construction will be more dynamic in the remainder of the year.

Saltillo, on the one hand, occupies the fifth position in demand between January and August 2021 with a cumulative 347.1 thousand square meters that represents more than 8% of its total market size.

Check here: Construction drives the advance of industrial activity in August 2021

Its proximity to Monterrey and the interest of various developers during the last year in the construction of new projects is consolidated with the current execution of 274 thousand square meters of new warehouses, in sizes from one thousand to 20 thousand square meters, although the majority correspond to expansions or BTS projects.

Tecate also registers a significant price increase of almost 15.8% per year, with figures for August 2021 closing at $ 4.66 dollars per square meter per month.

Ciudad Juárez and Reynosa show stable rental prices, however, we consider that in the near future this indicator will have an upward trend as demand has been increasing and vacancy rates are decreasing.

The dynamics of the industrial real estate market means that demand will maintain its sustained rhythm, mainly with the projects promoted by the T-MEC, which has repercussions in price increases, mainly in those corridors closest to urban centers where important contractions of vacancy.