At the end of the first quarter of 2022, industrial construction reported more than 4.7 million square meters nationwide, which is its historical maximum in the last four years, according to the real estate platform Solili.

Compared to the same period last year, activity under construction almost doubled and exceeded by more than a quarter what was recorded in the fourth quarter of the same.

Monterrey, with almost 1.3 million square meters of industrial buildings under construction, far exceeded Mexico City (CDMX), which reports about 814 thousand square meters concentrated in 83% on the CTT submarkets (Cuautitlán, Tultitlán and Tepotzotlán).

The northern border continues to be the most dynamic market in the country, since it concentrated 58% of what is built in industrial buildings.

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In Monterrey alone, work began on 22 properties that together add up to 463,000 square meters. While  Reynosa, Saltillo, Ciudad Juárez and Tijuana add 336 thousand square meters of new developments.

Solili pointed out that in this area there has been an important participation of speculative projects combined with the "made to measure" (BTS).

For its part, the Bajío region accounts for 20% of industrial construction, in response to strong demand and downward vacancy adjustments.

Thus, new buildings began in Querétaro, Guanajuato y San Luis Potosí with 163 thousand, 151 thousand and 49 thousand square meters of warehouses, respectively.

In this case, the BTS developments take the lead. In addition, it has been confirmed that some companies have assumed the risk of building their own facilities, which opens up various negotiation possibilities for the real estate asset once the work is completed.

Of interest: Industrial construction in Mexico reports historical figures, totaling 4.7 million m²

As has been observed, developers continue to drive the industrial segment despite the inflationary context, which stands at 7.45% for March 2022.

This is reflected in the real value of the production of construction companies that increased 5.1% at an annual rate in February, according to INEGI data. Regarding the type of work, industrial, commercial and service construction was the most dynamic in the month (23.1%), followed by housing (17.6%).

Solili explained that this mobilization is supported by the "strong demand that will continue in 2022, under the scenario of rental prices with significant growth margin that allows them to absorb costs and maintain their projected profits."

In Solili you can consult industrial warehouses available in Guadalajara, Tecate and Mexicali

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