San Luis Potosí began 2023 with a level of gross demand that exceeds 51,000 square meters of industrial buildings and represents 3% of the national total. The growth of inventory in the last three years has allowed this important market in the lowlands to reach the size of important industrial markets in northern Mexico, such as Reynosa, Mexicali and Saltillo.

At the end of 2022, this market exceeded 250 thousand square meters of gross demand, allowing a growth of 13% with respect to the accumulated demand during 2021. Also by the end of 2022, the President of the San Luis Potosí Automotive Cluster announced the investment of one thousand million dollars for the sector with part of the 68 investment projects that the industry allocates to Mexico.

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In turn, the works under construction reached their maximum historical level in October 2022, where about 250,000 square meters are in the development phase, a figure that at the end of April 2023 is close to 195,000 square meters.

Currently, almost 25 industrial warehouses ranging from 800 to 23,000 square meters will be available to locate companies and tenants interested in settling in this low-lying market, where the profile of automotive supply firms found the greatest advantages.

This market presents a vacancy of 3.9%, which together with Guanajuato and Querétaro make up the highest percentages nationwide. Of the total 150,000 square meters of available space, 56% is concentrated in the San Luis Potosí-Villa Arriaga submarket.

Another trend that is observed in 2023 is that almost all of the available spaces correspond to existing warehouses.

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Regarding the rental price, both San Luis Potosí and the rest of the markets in the lowlands have remained between $4.00 and $4.60 dollars per monthly square meter, which allows them to position themselves as a competitive option with respect to the markets in the north of the country that achieve achieve higher average rental prices.

The strengthening of the supply chains associated with electromobility will continue to boost the demand for industrial spaces in the area and create a real estate opportunity for developers who continue their commitment to the central region of the country.