The Tijuana border market has managed to reach an industrial inventory of 7.6 million square meters with a rental price that has been rising since March 2021 and reaches 5.48 dollars per square meter per month as of August 2021.

This scenario occurs in the midst of the lowest industrial vacancy registered at the national level, which for August 2021 indicated 0.9% and which had been decreasing since June 2021 with 1.4%.

These indicators correspond to a market with growing demand, which in the months of July and August 2021 is in the third position at the national level with 172 thousand square meters, only below the gross demand that Monterrey leads with 234 thousand meters followed. of Mexico City with 178 thousand square meters.

Of interest: The construction of industrial buildings continues to increase

In parallel, the construction of industrial buildings has increased since December 2020 where 153 thousand square meters were built to reach 432 thousand square meters at the end of August 2021.

This footage that is built represents 5.7% of the city's inventory and only in August construction began for 177 thousand square meters, which indicates the response of institutional developers to a market with increasing prices and very low vacancies. .

The pressure that the border markets are having due to the high desirability of installing their manufactures close to the origin of the demand, driven by the agreements within the framework of the T-MEC, are driving the advancement of the Tijuana industrial market.

About 80% of the spaces in demand during the first half of the year correspond to sizes of less than 10,000 square meters if we analyze them by number of transactions and represent 37% in relation to the built-up footage.

Check here: Between July and August the construction of more than 700 m² of industrial buildings has begun

In Tijuana, about 86% of the demand for the first semester of the year corresponds to Class A and B ships with the rest of the percentage of Class C ships. The largest ship that was demanded was an existing inventory of 42.7 thousand square meters for a company of toy stores.

Organizations of the entity such as the Association of Industrialists of the Otay table, have created committees such as the energy one, whose mission is to support measures to generate alternative energy, so that they cushion peak hours

The trend for the quarterly closing and for the remainder of 2021 makes us foresee that the positive impact of the United States economy will continue, especially in sectors such as medical and automotive.