In Tijuana, industrial rental prices rise due to lack of vacancy
Solili | March 18, 2021 |

With an inventory that exceeds 7.4 million square meters, Tijuana occupies the third position nationwide, preceded by Mexico City and Monterrey.

At the end of February 2021, Tijuana reflected the lowest vacancy in the country with 1.9%, similar to that reported during the fourth quarter of 2019, although this figure does not represent a homogeneous behavior in all corridors.

According to the real estate platform Solili, Pacifico-Nórdika and El Florido-Boulevard 2000 concentrate 76% of vacancies with an average of 3.8%, so the rest of the brokers reflect even lower vacancy numbers than the city average, which should be carefully studied by developers.

Average rental prices spun up from November 2020 to January this year, although they reflected a slight downward adjustment of 21 cents in February.

In national terms, Tijuana has an average rental price of $ 4.95 per square meter per month, the second highest only below prices in the country's capital.

During the month of February, in this border city began the construction of projects, mostly speculative, that seek to satisfy the demand of a market where the availability of both warehouses and land with potential for industrial development is scarce.

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