The Northeast of Mexico is among the main destinations in Mexico for foreign direct investment (FDI), which has promoted the construction of industrial parks.

Currently, cities like Monterrey have shown property vacancy rates below 1%. Newmark says that this region offers competitive advantages beyond cheap labor costs, making Monterrey one of the most dynamic cities in the country.

Check here: The arrival of Tesla in Santa Catarina will trigger new investments in the region

Newmark highlights that foreign companies seek to open operations in Mexico due to its long-term labor availability characterized by a large number of young and skilled workers. The high concentration of population in urban centers seems to be another advantage of Mexican cities, as the firm highlights the case of Monterrey, which concentrates more than 92% of the population of Nuevo León.

According to Newmark, cities such as Monterrey, Torreón, Saltillo, Nuevo Laredo, Matamoros and Reynosa have registered continuous growth in the manufacturing sector, especially in the production of household appliances, metallurgical products, vehicles and IT-related products.

The firm highlighted the importance of Monterrey for nearshoring, citing the recently announced construction of Tesla's Gigafactory in Santa Catarina, which is part of the Monterrey metropolitan area. Newmark reported that another advantage is the city's relatively low emigration rate, as well as its balance between labor supply and demand.

Another advantage of Monterrey is its skilled workforce: the company said the city is perceived as a talent factory closely connected with foreign and national companies. Monterrey also has more than 100 universities: the Tecnológico de Monterrey and the Autonomous University of Nuevo León are among the most prestigious in the country.

Of interest: Nuevo León advances the path of nearshoring and renewable energy

Monterey also takes advantage of its proximity to Texas, one of the most prosperous states in the US in terms of GDP. This makes the city the gateway to the US market.

Nuevo León is home to more than 3,500 foreign companies, which are located mainly in the municipalities of Apodaca, Santa Catarina, Guadalupe, Pesquería, Escobedo, Salinas Victoria and Ciénega de Flores..

The state features 13 groups focused on strategic sectors such as automotive, software development, IT and home appliances. More than 90% of the state's production is destined for export.

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

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