In March 2023, the electric car giant, Tesla, announced the installation of its first Gigafactory in Mexico, which will be located in the Santa Catarina submarket, within the Monterrey industrial real estate market.

This has been one of the biggest investment announcements in recent years; In addition, more investments from other automakers and Tesla suppliers have been added.

Check here: Monterrey is shown as the most dynamic market in terms of industrial investment

It is estimated that the installation of the Tesla plant will attract an investment flow amounting to $5 billion. Recently, one of the largest industrial developers in the world, Prologis, projected that for every $1 billion invested in automotive factories in Mexico, between 5 and 10 million square feet (ft2) of local logistics demand can be generated. That is, Tesla could generate a demand for 25 to 50 million ft2.

This is one of the clearest examples of what nearshoring is generating in the Mexican industrial real estate market and, particularly, in the Monterrey market, since, during 2021 and 2022, Nuevo León was the state that most concentrated the arrival of projects by nearshoring, surpassing second place by more than double, according to data from the consulting firm Deloitte.

Of interest: Mexicali accounts for 23% of Baja California's industrial demand during 2023

We can see the impact of nearshoring in Foreign Direct Investment (FDI). During 2022, Nuevo León registered $4,397 million dollars in FDI, 12.4% of the total nationally, positioning itself as the second entity that attracted the most foreign capital, after Mexico City.

Likewise, in 1Q 2023 the state received $2,332 million dollars in FDI, that is, in just one quarter it has captured 53% of FDI in all of 2022, according to the Ministry of Economy.

In Solili you can consult industrial warehouses available in Saltillo and Ciudad Juárez

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