According to figures from Solili, a real estate information agency, during July, the gross industrial demand in Guadalajara managed to accumulate 48,000 square meters (m²), a figure that is added to the 141,000 m² accumulated during the first half of the year.

Check here: National industrial inventory continues to expand during 2023

However, both numbers did not exceed the levels reported during the same period of 2022, and this is due to the scarce supply of industrial buildings available in the city.

The platform also pointed out that the construction of industrial spaces exceeds 200,000 m² in speculative format, since many tenants do not find the necessary options to make a decision, since, at the end of July, vacancy registered 1.7%.

However, the vacancy rate can be adjusted during the second semester of 2023 since the projects that are being built, the majority will finish their works at the end of the year. These spaces will have sizes ranging from 9.2 to 62,000 m2.

Of interest: Industrial construction in Saltillo reaches the highest level recorded in the last 5 years

On the other hand, the industrial real estate panorama of Guadalajara registered an increase in the annual rental price, located in the order of 25%, similar to the increases seen in other markets on the northern border such as Mexicali, Reynosa and Tijuana. 

It is worth mentioning that, at the end of July 2023, the average rental price in the city was registered at $5.90 dollars per monthly m².

In Solili you can consult industrial warehouses available in Mexico City and Queretaro

Original note