By the beginning of 2019, the industrial and corporate real estate segments of the cities in which Solili is present had some notable changes in the supply and price indicators.
The industrial markets that reported a decrease in supply in January were Guadalajara, Tecate, Mexico City, Tijuana and Mexicali. The most significant changes were in Guadalajara that had a decrease in its industrial offer of 5.2%, followed by Tecate with a decrease of 4.8%, to close in a total offer at the beginning of February 2019 of 129 thousand square meters and 51 thousand square meters, respectively . In absolute terms, the one that reported the most notable change was the industrial market in Mexico City, where supply decreased by almost 30 thousand square meters, as a consequence of the absorption reported at the beginning of the year. In contrast, the cities where the industrial offer increased were Querétaro and Monterrey.
The corporate markets that reported decreasing supply were the cities of Tijuana and Querétaro, with a percentage decrease of 1.3% and 1.0%, respectively. Mexico City and Monterrey this month reported an increase in the offer of 3.1% and 3.7%, respectively, this factor is due to the fact that during the month of January new projects began to be commercialized and to a lesser extent due to unemployment that both markets reported. Guadalajara remained at the same levels as those reported at the end of 2018.
Regarding prices, both market segments, corporate and industrial reported few changes in this indicator. The changes that stood out the most were the 1.2% decrease reported by the industrial market in Guadalajara and the 2.2% and 3.4% increase in the corporate segments of Mexico City and Monterrey, respectively.
2019 starts with moderate activity in the new offer indicator and stable in prices. We expect that during the month of February and March the activity of leasing and new constructions will move these indicators and report a quarter that is more dynamic than the one shown today.
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