With a growth of 58 percent compared to the same period last year, the industrial market of the Monterrey metropolitan area closed the fourth quarter of 2020 with a gross demand of 2.1 million square feet and the trend continues to rise.

According to an analysis carried out by Solili, companies in the manufacturing, logistics, retail and automotive sectors are the ones that have impacted on demand.

The vacancy rate remained stable with slight quarterly and annual growth of 10 basis points.

The constancy in the vacant space is due to the fact that the unemployment of industrial buildings and the new supply of speculative spaces mitigated the effect of the demand, keeping the indicator within parameters similar to those sent during the previous quarters.

During the last quarter of the year, 11 new projects were delivered, adding 1.9 million square feet to the market inventory, of which just under half is pre-leased.

The capital of Nuevo León has had a positive performance, according to Solili, the inventory that the city has is 12 million 712 thousand 14 square meters and has a vacancy of 5.68 percent.

During the last quarter of 2020, the Apodaca, Escobedo and Santa Cataria corridors had a positive net absorption in class A buildings.

Check here the industrial buildings available in these corridors and others in Monterrey.

On the other hand, 13 projects began construction during the fourth quarter of 2020, of which eight are speculative developments and five are custom-made.

A total of 33 buildings are still under construction and closed the year with 4.5 million square feet, which represents a gradual recovery that has been taking place, quarter after quarter, compared to the drop that it showed in early 2020 due to the pandemic.