Guadalajara's industrial market remains one of the strongest in the country and for the fourth consecutive quarter achieved increasing demand volumes.

Although it is true that the indicator that stands out is that of demand, we have some that make the market stand out at the national level. During the first quarter of the year the market reported a new Class A offer of 220 thousand m², which corresponds to 4 industrial warehouses located in the El Salto and Zapopan Norte corridors, with this the inventory had a quarterly increase of 6.5% and 10% annual. Despite this, the vacancy rate reports an increase of only 90 basis points and ends March 2021 at 3.4%, maintaining healthy levels.

The developers continue to bet on the good performance of this market and the low vacancy rates, so during 1Q 2021 the construction of two industrial buildings in the El Salto corridor began, which together add up to a total of 66 thousand m² .

Gross demand reached almost 163 thousand square meters, a figure not recorded in at least the last 5 years in which Solili has monitored the market. The corridor with the highest gross demand activity was Zapopan Norte with 63% of the total.

The type of volume in demand is heterogeneous since the rent of spaces of less than one thousand m² and large spaces that exceed 60 thousand m² were reported.

The turn of the companies that sued, for the most part, corresponds to automotive, logistics, beverages and food, tequila companies, and household goods, among others.

Guadalajara's industrial market has the potential to diversify and be able to bring in manufacturing companies of different lines, as well as to consolidate itself as a logistics center of reference at the national level. Currently developers are betting on it, so in the coming quarters we could be facing a rebound in speculative projects by developers who are in this market and the interest of others seeking to reach the city.