Aguascalientes is an industrial market characterized by a strong manufacturing focus, especially in the automotive sector. Although investment primarily relies on domestic companies, the international trade landscape has begun to impact industrial leasing.

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Industrial demand in Aguascalientes has been driven primarily by built-to-suit projects, while the current market supply is comprised of vacant speculative buildings.

At the close of the second quarter of 2025, the industrial vacancy rate in Aguascalientes stood at 1.9%, an increase of more than 33,000 m² compared to Q2 2024, when the supply of industrial space was very scarce.

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Currently, the market has 128,000 square meters under construction, of which 13% is available for lease. Therefore, once these projects are completed, an increase in market supply could be observed.