It closed in 2021 and with it an atypical year even if compared with its predecessor in 2020 where the covid-19 epidemic reached its peak amid a paralysis of activities and a deep ignorance of the disease.

2021, however, was marked by hope and the gradual recovery of the economy both worldwide and in the specific case of Mexico, supported by the advance of vaccination in the main productive economies in cities and urban centers that registered higher population densities.

The uneven recovery of the various segments such as industrial, corporate, residential, commercial and the hotel industry among the main ones in the real estate sector corresponded to how consumption habits were mutating after the pandemic together with the expectation of recovery.

For example, the residential sector motivated by low interest rates that could be fixed, given the paralysis of expenses in other areas such as travel, and driven by the new needs for larger and more open spaces, had a sales rebound as reported by the main national media.

Along the same lines of increased demand, the industrial sector advanced at the level of almost the entire national territory. Many markets reported much higher demands than previous years.

The country's industrial demand, during 2021, was 6.6 million square meters, an increase of 70% when compared to 2020.

Check here: Mexico registered an average increase of 70% in national industrial demand at the end of 2021

The markets that stand out in their demand levels are Monterrey, which became the leader in industrial demand in the country with a cumulative demand of 1.4 million square meters, followed by Mexico City with 1.3 million meters.

Not only the large markets of the country reported historical demand numbers, others such as Tijuana, Guadalajara, Saltillo, Mexicali, etc. report figures well above what was recorded in 2020.

Now, these figures could indicate that the markets were recovering part of the lost demand in 2020, but cases such as Guadalajara and Tecate show us that the increase was 136% and 159% higher, respectively than the same periods in 2019 where the pandemic was not yet looming.

At the national level, the logistics sector, as well as electronic commerce and the manufacturing sector, driven by T-Mec and supporting the relocation of production processes, were the engines that generated the strong recovery of the Mexican industrial sector.

This recovery is strengthened by the entry of new investors, by the increase and modernization of industrial inventories that differ from their predecessors in the use of materials increasingly in line with the environmental requirements demanded by potential tenants.

Of interest: Guadalajara reported a significant increase in demand in 2021

Fierce competition to stay ahead with the best industrial spaces and coverage at the regional level was key to the number of deals, acquisitions and dispositions we saw in 2021.

The low interest rates left by the adjustment of the production of goods and services in 2020 were the trigger to evaluate and adjust the portfolios in order to align them to the objectives of each investor and thus improve their profiles in the medium and long term.

Despite being a complex year in terms of the arrival of new foreign investment, the maintenance of jobs and the existence of a favorable climate for investment, the industrial sector has managed to overcome the challenge of 2021 gracefully and is progressing strongly towards a promising 2022.