Following recent reconfigurations in international trade, industrial markets in Mexico have experienced significant adjustments in the supply and demand dynamics of industrial buildings.

While leasing activity remains relatively stable, it has slowed as a consequence of tariffs. At the same time, the supply of industrial space has continued to increase, particularly in the northern region of the country.

Of Interest: Solili Offices Report November 2025: Demand Reported More Than 150,000 m² in October-November 2025

As of November 2025, the northern industrial markets have the highest vacancy rates in Mexico. Tijuana has the highest rate at 8.2%, followed by Mexicali at 6.3%, and Monterrey and Reynosa at 5.9% each.

In Tijuana, the increase in the supply of industrial space is mainly due to the high volume of vacancies recorded throughout 2025. The cumulative vacant area exceeded 3.3 million square meters from January to November 2025, becoming the highest level ever recorded. This figure represents more than double the total volume of vacancies recorded throughout 2024.

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While leasing activity has slowed during the first three quarters of the year, the Tijuana market maintains optimistic expectations for the end of 2025, with projections indicating that demand will surpass the levels recorded in 2024.