During 2020, the pandemic had important repercussions on the indicators of the real estate industry, for the industrial market of Monterrey, one of which mainly suffered the effects of the health crisis was the construction of new projects, which showed a significant decrease after the declaration of pandemic status.
The second and third quarters of 2020 were the most affected, reporting construction start figures of less than a million square feet, derived from the stoppage in industrial activities as a security measure in the face of the health crisis, however, the confidence of developers was it has been gradually recovering.
Proof of this is that during the last two quarters the construction start figures exceed one and a half million square feet, showing an upward trend towards levels similar to those reported in the periods preceding the pandemic.
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