Since 2019, Nuevo León has experienced a boom in the industrial real estate sector; first, by the development of logistics and last-mile centers for electronic commerce operations and then, by the construction of industrial parks to receive companies attracted by nearshoring.

Added to these two factors was the announcement of the arrival of Tesla that will invest 5 billion dollars for the construction of a gigafactory in the municipality of Santa Catarina, which affects the increase in the cost of land. According to data from the proptech ITierra, the municipalities with the greatest increase in the cost of land for industrial use are: Santa Catarina, Salinas Victoria and Escobedo, which, in less than a year, had increases of 120%, 50% and 30%. , respectively.

Consult also: Solili Industrial Report 2T 2023, vacancy and exchange rate increase prices by 15% per year

"We have detected price rises, derived from speculation regarding the nearshoring phenomenon and the arrival of Tesla. The occupancy of industrial buildings in the state is above 97%, there is not enough space to receive companies, so developers can't keep up and are demanding more land," Alberto Montembruck, director of the land-purchase platform, commented in an interview.

For his part, Ruben Sanvicente, general director of SR Industrial real estate, explained that the rental price of industrial parks located in Santa Catarina also reported significant increases.

Given the boom in the relocation of companies and the expectations that Tesla has raised, the challenge for Nuevo León in the second half of 2023 will be the shortage of industrial spaces.

Of interest: Nuevo Leon expects to exceed a hundred projects by nearshoring

Francisco Tijerina, director of Scale Business Development, stressed the need to accelerate the development of new industrial parks, which can lead investors to acquire land that does not have an adequate value or is not properly regulated.

That is why he shared some of the points to consider before acquiring a property of this type to obtain greater capital gains and better profitability: location, security, land use and infrastructure.

In Solili you can consult industrial warehouses available in Saltillo, Reynosa y Ciudad Juárez

Original note