The Bajío region of the country has achieved significant growth in gross industrial demand that only in the first three quarters of 2022 exceeded by 55% that registered in the same period of 2021.

Between January and September 2022, gross demand in the Bajío region totaled more than 1.3 million square meters and just one month before the end of 2022, the figure already exceeds 1.4 million square meters.

In turn, this growth is reflected in the proportion that the shoal reaches over the figure of national demand. In the first three quarters of 2021, the four markets that make up this region of the country represented 17% of the national total, a figure that becomes 22% in the first three quarters of 2022.

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This ability to reinvent itself and overcome the situation that the region went through during the post-pandemic period is associated with the opening towards new sectors and the strong dynamism and search for investment that local governments have outlined, mainly in Querétaro and Guanajuato.

The shoal has been attractive to foreign capital, which was reflected in the Foreign Direct Investment (FDI) figures. As indicated by the Ministry of Economy of the Government of Mexico at the end of 3Q 2022, FDI reached 32.147 million dollars nationwide. Of this total, the four entities of the shoal, which Solili monitors, such as Guanajuato, Querétaro, Aguascalientes and San Luis Potosí, represent 12% nationally.

Of the total FDI registered as of 3Q 2022, Guanajuato leads with 1,678 million dollars and is followed further away by San Luis Potosí and Querétaro with 864 and 765 million dollars and finally, Aguascalientes, which attracted 462 million dollars to its market.

If we focus specifically on the industrial real estate demand for the eleven months of 2022, Querétaro leads the way with 556,000 square meters, closely followed by Guanajuato, which registered 531,000 square meters. While  San Luis Potosí and Aguascalientes have received gross demands equivalent to 236 and 63 thousand square meters, respectively.

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Querétaro has managed to extend the demand to sectors such as data centers, logistics, technology, food and manufacturing in general, in addition, a new demand has arisen for microparks whose final client does not require spaces that exceed 5 thousand square meters, giving an opportunity to expand and increase operations to small and medium-sized companies in the region, a trend that was presented at the end of 3Q 2022.

In Guanajuato, during the first three quarters of 2022, Class A warehouses occupy 92% of gross demand, where the automotive sector combined with footwear and manufacturing in general dominates widely. This market is also beginning to receive demand requests linked to electromobility from various providers that make up the supply chain in this sector.

In the case of San Luis Potosí, the gross demand stands out, which is distributed equally between custom-made and speculative projects where the automotive sector continues to be the leader. In this entity, as in Aguascalientes, the transition towards electromobility in all phases of the production chain will not only bring changes for the main assemblers and manufacturers, but also for all the suppliers associated with the process.