Mexico's industrial sector increased by just over 1.2 million square meters (m2) in the third quarter of the year. However, Solili reported that half of the country's industrial markets have vacancies below 1.5 percent.

In that sense, Tecate reported the lowest vacancy in the country with 0.3%, while Tijuana and Ciudad Juárez have 0.4%. At the same time, Guadalajara presented an availability of 0.7%, which compromises the stability of rental prices.

However, large industrial markets such as Mexico City (CDMX), Monterrey (MTY) and Guanajuato still have space available. But, this vacancy only represents 2.2%, 1.5% and 5.5%, respectively, which makes Guanajuato the market with the highest vacancy.

Check here: Solili 3Q 2022 Industrial Report, record in demand with 2.1 million m², CDMX led

Parallel to this, in 3T2022 CDMX resumed its position as the industrial leader in Mexico, this by reporting a demand above 620 thousand m2. At the same time, markets such as Querétaro and San Luis Potosí were active with 230 and 114 thousand m2 in gross industrial demand, which led the Bajío to participate in almost 20% of the national gross demand.

Given the null industrial availability in Mexico, the construction of 1.3 million industrial m2 began. Which represented 77 new warehouses and a 61% increase in construction, compared to 3Q2021. Therefore, the national inventory managed to close with more than 5 million square meters.

In this aspect, Mty leads the construction with 30% of the warehouses in process, which positions the area of the country as the most dynamic. Because Tijuana, Saltillo, Ciudad Juárez and Reynosa potentiate the count, and as a whole, the northern zone encompasses 64% of the construction in Mexico.

Of interest: After the challenges of the pandemic, the net absorption of Guanajuato recovers

Meanwhile, the lowlands stood out with 22% of industrial construction in Mexico, boosted by Guanajuato. The said market managed to reach 350 thousand m2 in process, due to the impulse provided by the manufacturing sector.

On the other hand, the country's developers began to tip the balance on speculative construction. Since it favors the scenario in terms of rental prices and shortage of vacancies.

As a result of the shortage of industrial spaces and the increase in demand, rental prices at the national level continue to increase. In this context, Ciudad Juárez and Reynosa presented annual increases of 20%. While Monterrey and Mexico City present adjustments of 16% and 8%, to correspondence.

In Solili you can consult industrial warehouses available in Guadalajara y Mexicali

Original note