Due to its proximity to the United States, mainly to the cities of San Diego and Los Angeles, Tijuana benefits from competitive labor and building costs, which has allowed it to attract investors to said territory.

“Medical tourism has been, in recent years, an important driver of demand that has drawn the attention of real estate developers, who see an opportunity in generating a supply of mixed-use projects,” Solili said.

Check here: The start of industrial projects on the northern border of the country grows 13% annually

The low prices for cosmetic surgeries and medical procedures are the two main factors why people from the United States and Canada arrive, although arrivals of travelers from other countries are also registered.

Faced with this situation, the Ministry of Tourism is working together with United States authorities to take advantage of the direct flights offered from London to San Diego California, since they consider they may be potential clients for this branch of tourism.

The gross absorption of the office market in Tijuana grew more than three times during the first half of 2023, compared to 1H2022, according to Solili. In addition, it registered the lowest vacancy percentage nationwide with 1.96% at the end of June 2023.

The Landmark, Ovva and Cosmopolitan have the highest number of square meters of net rentable area with 14, 12.9 and 10.6, respectively. However, of the eight corporate projects being built, only two are available as of July 2023.

Of interest: First level inventory grows in Ciudad Juárez, developments focus on class A projects

Within the state there is interest in the creation of new works, only in the second quarter of the year two new projects began, the first with a net rentable area of 9.7 thousand m2 on the Vía Rápida corridor, while the second has 3.3 thousand m2 within the Zona Rio submarket.

Verticality and mobility are the main axes for the growth of urban development in Tijuana, both in residential and corporate uses, indicated the Real Estate information platform.

In Solili you can also consult offices available in Tijuana and Monterrey 

Original note