The demand for parks and industrial buildings throughout the country due to factors such as the attraction of Foreign Direct Investment (FDI), the growth of e-commerce and the relocation of production chains due to nearshoring, places this real estate sector is booming nationally this 2023.
"At the national level we already see vacancy rates or availability of square meters or industrial buildings for immediate occupation, less than 4%, even bordering on 3%," said the former director of the Association of Industrial Parks of the State of Jalisco (APIEJ), Javier Lemarroy.
Of interest: Industrial market exceeds 5 million m2 under construction nationwide in 1Q 2023
Lemarroy pointed out that even with a shortage, there are states that still have a considerable number of square meters available, such as Nuevo León and Guanajuato, and thanks to that; They are receiving more companies because they have space for their location.
The states with the greatest availability of industrial spaces in Mexico are Guanajuato, Nuevo León, Toluca in the State of Mexico and San Luis Potosí. In contrast, the cities with the lowest vacancy rates at critical levels are Tijuana, Jalisco and Chihuahua.
The demand for industrial parks has had a sustained growth from 2008 to date, and the preferences of a large part of the investors lean towards investments in the real estate sector of industrial parks, a decision that is supported by the absorption that has occurred in the last few years. recent quarters, Lemaroy said.
When detailing the case of Jalisco, the former director of APIEJ said that in 2019, before the pandemic, the rent of industrial spaces amounted to 280,000 square meters and in 2020, in the midst of the global health and economic crisis, 394 were consumed. thousand square meters.
By 2021, with the arrival of more logistics companies, including Amazon and Mercado Libre, as well as the expansions of Fedex and DHL, in addition to the growth of the distribution centers of different companies, the rent of industrial spaces amounted to 601 thousand square meters.
Check here: Querétaro doubles gross industrial demand compared to 1Q 2022
“By that time, we had already had a considerable slowdown in construction in Jalisco for almost a year and a half. In 2022, we closed the year with a rental activity of around 447,000 square meters taken and, as they say colloquially, what was sold ran out”, he deepened.
For this reason, he explained, at the beginning of 2022 the availability levels were at 2.1%; for the second quarter they fell to 1.1%; in the third quarter only 0.2% was available and the year closed with 0.1% vacancy.
“The inventory in Jalisco of industrial parks is made up of 4.2 million square meters; We have 340,000 square meters under construction that are in the construction completion phase, but fortunately and pushed by the lack of supply, we see a lot of pre-leasing,” he said.
In Solili you can consult industrial warehouses available in Mexico City and Puebla
Stay up to date with the most important news to the real estate
Subscribe Solili Newsletter