At the end of 2018, Baja California was ranked fifth in the national market with the highest level of direct foreign investment with 6.3% of the national total, according to SEDECO. The main public and private economic agents coincide in expecting a 2019 with growth in the region, as a result of the coordinated contribution of public and private investment, which benefit from factors such as: the permanence of the federal tax within the region, the existence of differentiated VAT and the increase in wages at the border. In the industrial real estate segment, SOLILI monitors four municipalities of the five that make up the region, firstly, Tijuana and Rosarito followed by Mexicali and Tecate, which together account for the largest industrial activity where we seek to generate information to measure this performance and the future trend throughout the year. Next, the amounts and prices of our report are indicated to March 2019.

In Baja California the industrial market measured by www.solili.io and concentrated in the cities of Tijuana, Mexicali and Tecate reaches a slightly higher amount than 40 million p², for class A spaces. Most of them are concentrated in Tijuana with a total of 30 million p², followed by Mexicali with 7.2 million p².

The city of Tijuana has a total industrial offer of 74.6 million p², concentrating 77.3% of its inventories between Classes A and B. The availability rate of 3.7% shows a continuum that moves between the minimum of 2.7% over the available Class B, up to the highest availability of Class A inventory with 4.6%, both figures very healthy in the industrial sector. On the other hand, unit prices below $ 0.5 USD / p² / month reflect uniformity with a difference of less than 16% between the minimum and maximum, the latter of $ 0.46 USD / p² / month, of the Class A available. The dynamism of the new constructions in the city incide in the increase of 6.2% with respect to the inventory, reporting a volume of almost 1.9 million p² to March 2019.

The second industrial market of Baja California is located in Mexicali where 27.4 million p² form the total inventory of the city, highlighting class B with 67% of inventory, followed by 26.5% of class A with a total of 7.2 million p². The highest availability is recorded in the Class A inventory and reaches almost 10% with 719,051 p². Mexicali's availability of the Class A segment exceeds the A availability registered by Tijuana by 116%, which may explain the lower unit prices of the Mexicali market, which average around $ 0.35 USD / p² / month, with the Class segment being the largest A with $ 0.38 USD / p² / month. Regarding the new industrial warehouses that are incorporated to the market, 96.8% correspond to the category A with 588,046 p² that once concluded added 8% to the inventory of Mexicali.

Finally, Tecate, which represents 6.17% of the markets monitored by SOLILI in Baja California, maintains a total inventory of 5.8 p² where about 42.4% corresponds to class A. The total availability rate of this market is 6.3%, very similar which reflects Class A with 6.2% where 152,632 p² are expected to be occupied. For its part, the average unit price of $ 0.36 USD / p² / month while the maximum unit price is recorded in Category A with $ 0.40 USD / p² / month. Tecate presents March of 2109 an interesting performance within the industrial markets of Baja California where 588,046 p² of new buildings reach 9.2%.