Monterrey, characterized by being the second largest industrial city in the country, according to figures from Solili, the information and commercialization platform for commercial properties, this city presented a very active third quarter where its inventory exceeded the barrier of 129 million p² and the demand, in the order of 2.35 million p², reaches 2.4% of its market size. The new offer, which almost reached 2.3 million p², made 78% of the Apodaca, Guadalupe and Escobedo corridors.

The industrial fabric of the city, characterized by the presence of local, national and foreign companies that compete strongly for quality and price, provides the opportunity to address segments or market niches where each one in particular can stand out allowing coexistence between them.

In recent years, the royal city has adapted to changes and uncertainty, evolving in order to house innovative investment schemes, led by the FIBRAS and CKDs, which create investment models whose long-term horizon is not affected so strongly by conjunctures. political and economic as the ones in the past. An example of this is the impetus in absorption by custom-made buildings, where tenants bet on the Mexican economy in average terms exceeding 10 years, with buildings adapted to their needs and that give them competitive advantages to the operation of their companies.

According to the information contained in the Solili platform, the demand for this quarter was 3.1 million p² and they were mostly products of Built to Suit projects mainly from the automotive sector and geographically arranged on the Escobedo and Apodaca corridors. Another trend observed in the quarter is the minibodegas in formats smaller than 1,200 p² that provide flexibility in contracting and the opportunity to have a presence in more than one point of the same city, facilitating some logistics processes. Finally, the construction of speculative spaces seems to be a safe bet as long as the ecommerce, logistics and manufacturing companies continue with the demand and that new foreign companies see more advantages in residing in our country, product of the tensions that do not yield between China and the neighboring country of the north.

According to Solili estimates, this market that grows at a rate of 4.6% with annual figures at 3Q 2019, with relatively stable rental prices and a vacancy adjusted downwards, allows us to infer that the immediate future of industrial investment in Monterrey will continue to be influenced by global geopolitical tension and the development of the trade agreement between the United States and Mexico that has not advanced at the expected speed.