The industrial market on the northern border of the country continues to grow, which anticipates that the cities will continue with a strong demand during the rest of the year and the beginning of the next one, assured Giovanni D'Agostino, Regional Director for Latin America of Newmark.

According to the company's reports corresponding to industrial activity in Tijuana and Ciudad Juárez during the first quarter of 2023, both cities present healthy industrial activity numbers and an increase in the construction of warehouses.

See also: Industrial construction of the country in expansion and concentrated in large-scale buildings

“We continue to receive more and more investment projects. Some of these are from companies that had previously been involved in residential and commercial projects and are now looking to expand their portfolio to the industrial sector.”

Activity in the market has continued to attract investment and long-dormant developers are starting new projects, such as a 40,000+ m² plant for a logistics company for the medical device, aerospace and electronics industries; a new park south of the city of Tijuana with three buildings and more than 50 thousand m² for a logistics company.

In the east, a real estate investment company arrived at the Tijuana Tech Park, with a project very similar to an industrial park that they have in Guadalajara and that includes three warehouses of more than 20,000 m² each.

Availability in the Tijuana industrial market has increased with the delivery of a building of almost 20 thousand m² in the eastern part of the city. Construction continues to meet current demand, which keeps absorption high, but availability remains low. Pre-leasing continues to take most of the industrial activity and the inventory exceeds 7.3 million square meters.

Of interest: Leading developers bet on Ciudad Juárez expanding industrial portfolios

The analyst explains that the industrial spaces extend to the south of Tijuana, where the Rosarito and Tecate submarkets have works of more than 40,000 m² and close to 27,000 m², respectively. Proposals for vacant spaces continue to come in above these numbers, indicating that the closings could drive up prices in the city by the end of the year. In the case of Ciudad Juárez, close to half of the absorption was for 3PL and Supply Chain services.

In Solili you can consult industrial warehouses available in Tecate and Rosarito 

Original note