At the end of the first quarter of the previous year, Mexicali reported a gross demand of around 550 thousand square feet, standing at volumes normally reported in this market.

Since the reduction of activities in general was decreed to contain the spread of the COVID-19 pandemic, the Mexicali market maintained demand levels lower than those traditionally reported, however, it was until the first quarter of 2021 that returns with figures even higher than those reported in pre-pandemic periods.

Industrial activity in the city of Mexicali showed an outstanding behavior during the period January-March 2021, since a total of 670 thousand square feet of commercialized space were counted. The concentration of demand was in the Mexicali-San Luis Río Colorado corridor. The turn of the companies that were established in the city were mainly manufacturing companies with 40% of the demand and logistics companies with 40%.

The high volumes of demand that the market has reported has caused construction to rebound. At the end of March, the Solili platform had registered a total of 1.5 million square feet under construction, of which 85% corresponded to tailor-made projects (BTS) for companies such as Wal-Mart, Cedis Rembao, Yuma Waters, Plasticus Technimark, among others. The remaining 15% corresponds to speculative buildings that are still available, totaling 222 thousand square feet.

The corridor that concentrates the most construction activity is Mexicali-San Luis Río Colorado with 73% of all projects.

Mexicali has historically been a manufacturing center, derived from its proximity to California, one of the most important consumer markets in the United States, however, in recent years there has been an increase in demand from companies belonging to the logistics industry .

It has been these two factors that Mexicali has allowed it to have a growing industrial real estate market and positive short-term expectations. While it is true that the pandemic hit this market, 2021 seems to see better prospects.