According to a study, the Industrial Real Estate of Querétaro shows a low demand for spaces, in addition to high levels of vacancy, due to the fact that the pandemic interrupted activities in the segment.

At the end of the first quarter of 2021 (1Q21), the absorption was impacted by the vacancy of 16,000 square meters (m2) that were located on the México-Querétaro submarket.

The industrial segment is the only one nationwide that reports negative net absorption numbers in three quarters, a recent Solili report stated.

And although at the end of March, the demand was lower than that of the previous quarter, it did not exceed the volumes of vacancy.

Demand also showed a significant drop in the last year, of 72.7%, falling from 55,000 m2 in 1Q20 to only 15,000 m2 in 1Q21.

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Pablo López, director of Market Research at Solili, said that "we are having high volumes of vacancy in Querétaro, we are reporting low levels of demand or much lower than those we reported in pre-dwarf periods."

In Mexico, Querétaro is one of the markets with the highest availability in the industrial segment, with an inventory of 5 million 106,782 m2, a vacant area of 335,850 m2.

“We have a still healthy vacancy rate; however, it is one of the markets with the highest availability nationwide, along with Guanajuato ”, explained the manager.

Developers continue to develop projects in the entity, building speculative spaces, a phenomenon that enhances the vacancy rate, which has doubled in the last year.

Check the Industrial Report April 2021 of Querétaro.

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