The drive shown by Monterrey is reflected in the increase in gross industrial demand that reached 455 thousand square meters between January and April 2023, exceeding by 2.5 times the amount registered in the same period during 2022, while the national average grew by 1.8 times.

Construction has followed the pace imposed by demand and at the end of April 2023 exceeded one million 400 thousand square meters, this being one of the highest amounts in the last 5 years. The Salinas Victoria, Apodaca y Santa Catarina submarkets lead the projects that are advancing with 431, 282 and 261 thousand square meters, respectively.

Consult here: Industrial demand is inclined towards speculative projects at the national level

The government of the entity lines up batteries to capitalize on the strong interest of the automotive sector, which must not only address the supply of new necessary raw materials, such as lithium, nickel and cobalt, but must also expand the network of suppliers that manufacture new components associated with electromobility.

The authorities of the state that as a result of the work tour to the Hannover Messe, have confirmed more than 130 projects; Of these, half are new companies and the rest are expansions, between October 2021 and March 2023, which represent more than 11.5 billion dollars. Projections point to attracting at least 6 billion dollars during 2023, almost double what was achieved in 2022.

Monterrey, together with its neighbor Saltillo, are advancing towards a transformation of production in existing facilities to drive a change towards new components, displacing combustion engines, connecting rods, and cylinders, and thus to strengthen a new supply.

Confirmation of Tesla's $5 billion investment by the end of March 2023 follows Kia's announcements to expand its facilities in Pesquería and Hyundai will manufacture Navistar's electric truck.

Of interest: Querétaro, an industrial market with immediate offer for the arrival of investments

Electromobility generates a series of complementary investments in the production of electric cars that focus on areas such as artificial intelligence, electronics and cybersecurity that will impact not only the demand for industrial spaces but also for corporate buildings.

The institutional strength that has developed in Nuevo León fosters the conditions for more and more developers to seek their share of the most active industrial market in Mexico.