The operations that were previously located in Europe and Asia, as well as the pressure exerted by the United States, led to the selection of new industrial locations that were more favorable in terms of costs and that guaranteed the arrival time of goods, which in turn are part of supply chains in the manufacture of finished products such as automobiles, household utensils, mass consumption products, food, among others.
In this situation, Mexico was favored by registering an increase of 640 thousand square meters (m2) per semester in demand for industrial buildings compared to the first half of 2021 (1H21), which indicates an increase of 21.3%. But if the contribution is analyzed by periods, the first quarter of 2022 (1Q22) stands out because the growth of leasing at the national level exceeded 42 percent.
At the end of 2Q22, the trend of a marked participation of manufacturing in the entities of the northern border was maintained, while in Mexico City, Guadalajara and the Bajío, the leasing of logistics spaces continued, mainly motivated by the strong demand for goods. and services that the population continues to maintain through electronic commerce.
Check here: Mexicali is the Baja California market with the highest vacancy
At the national level, there is a significant advance in new industrial buildings, where 5.2 thousand square meters are going through various construction phases; If it is considered that an average industrial warehouse of 20 thousand square meters (m2) takes between nine and 12 months to build, most of these options close a lease contract before the settlement of the work and become occupied in inventory, so the vacancy cannot be recovered, in general terms.
The rate at which rental demand is growing is greater than the rate at which the new inventory being built is growing, considering that a good part of these constructions are negotiated in BTS, since developers are cautious about the speculative format .
Both in Monterrey and Mexico City, the scarcity of land with infrastructure has been key, which has been understood by developers who are dedicated to producing this type of inventory, who also have to face issues such as the provision of white water and electricity. , which are essential for the development of industrial activity.
Of the 3.6 million m2 of industrial buildings that were leased in the country during 1H22, Monterrey occupies the first position with a quarter of the demand for leasing industrial buildings, followed by Mexico City and Guanajuato, which group 15.3% and 12% of the national total, respectively, according to a study by Solili.
Of interest: Ciudad Juárez is the second market in the north with the highest prices
“If we group the demand of Monterrey with the other seven markets of the northern border, the proportion of leased spaces in the semester over the national total rises to 55%, while the four Bajío entities manage to reach 24% of the national lease,” Solili said.
In the center of the country, Querétaro presents advantages for the development of the entity as a Data Center Hub in Latin America, as well as "the potential that Mexico City and Puebla show as logistics nodes, which mark key positions for the development of industrial leasing in the remainder of the year”, the document points out.
In Solili you can consult industrial warehouses available in Saltillo, Reynosa and Mexicali
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