Between April and May 2023, Tijuana exceeded 107,000 square meters (m²) of gross industrial demand. During the second quarter of 2022, the border city registered 77,000 m².

Check here: Main submarkets in the north of the country that attract industrial demand

For this reason, Solili affirmed that the demand in Tijuana continues to rise. However, developers have managed to provide the necessary real estate to supply gross demand; since, industrial buildings exceed 585,000 m².

As one of the causes of the increase in gross industrial demand, Solili pointed out the proximity to Los Angeles and San Diego. So these institutional markets create advantages in response time and delivery times, which is an attractive feature for foreign companies.

Of interest: Solili Industrial Report 2Q 2023, vacancy and exchange rate increase prices by 15% per year

Regarding the vacancy, the platform pointed out that the gross industrial demand has registered a slight recovery, because, during the last 9 months, the sector has reported 1.6%, however, Solili has not yet confirmed its stability.

Regarding the position of the rent, the average prices have also remained on the rise. Tijuana reported 7.6 dollars per m² per month at the end of May 2023, which represents an annual increase of 23%. Said growth margin could continue to occur.

In Solili you can consult industrial warehouses available in Monterrey and Saltillo

Original note