The demand for industrial space nationwide during the first four months of 2022 already accumulates 2.4 million square meters. This amount represents 35% of the annual total during 2021, a sign of the strong dynamism of the industrial real estate sector on the Mexican economy.

However, the development of the regions is heterogeneous and this is outlined by the Bank of Mexico (Banxico) in its Regional Economies Report as of 4Q 2021. Idiosyncratic factors such as the development of investment projects with high regional impact or a greater link with the external market, determine the composition of the economic activity that prevails in each region.

The manufacturing, logistics and transportation sectors have made significant progress with respect to previous periods that have impacted entities in different ways.

The markets of the northern border grouped 58% of the gross industrial demand of the first four months of 2022 where only Monterrey leads with more than 623 thousand square meters of gross absorption, 26% of the national total, followed by Ciudad Juárez, Saltillo and Tijuana with 236, 173 and 156 thousand square meters, respectively.

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The manufacturing sector stands out mainly in the northern region, which has been favored by multiple relocation processes and production expansions. 

The boost in manufacturing is broadly related to the dynamism of economic activity in the United States, which immediately permeated the markets of northern Mexico.

Manufacturing at the end of the first quarter of the year participates with 24.2% of Foreign Direct Investment, which closes the first quarter of the year with 19,426.5 million dollars, according to the Mexican Ministry of Economy.

Meanwhile, the central area, where Mexico City stands out and the area of the shoal next to Guadalajara to the west, poses another reality due to its geographical configuration with greater proximity to populated centers with significant population densities that make them ideal nodes for storage. and distribution of goods favored by the proximity to airports, highways, expressways and railway hubs.

As a result of the pandemic, the use of electronic commerce and information technologies applied to commerce is becoming more and more common, where solutions are incorporated that mainly cover the banked population and that extend to the general public that is inclined towards the use of cash.

The industrial demand of the lowlands, only between Guanajuato and Querétaro, reached 462 thousand square meters, which represents a fifth of the industrial demand during the first four months of the year. 

And specifically in these entities, the occupation of logistics spaces make up an important bastion of demand shared with the presence of the automotive sector that has characterized this industrial market.

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Mexico City is the example of the greatest logistics development that accumulates just over 290 thousand square meters between January and April 2022, according to figures from the Solili platform.

The last mile spaces, the new vertical format warehouses and the incorporation of modern technologies for the reception, classification, storage and distribution of goods are the differentiating elements in the multiple competition that takes place in the capital.

Guadalajara has also advanced with a demand focused on the logistics, retail, manufacturing and food and beverage industries, during the quarter where an important speculative bet led by Kampus Santa Rosa, Finsa and Vesta has designed competitive products in areas and functionalities that they can quickly adjust to the logistical demands that lie ahead.