Of the markets on the northern Mexican border, Tijuana manages to far exceed the expectation of growth in gross industrial demand by accumulating 523 thousand square meters between January and November, a figure that already exceeds by more than 50% what was accumulated in the same period of 2022. .

Its proximity to San Diego and Los Angeles creates an important attraction for companies that maintain operations within the United States and that require suppliers on the Mexican border, where they have access to more competitive labor with manufacturing costs that allow them to maintain profit margins with higher profits.

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Logistics, electronics, food and manufacturing companies in general are participants in the industrial warehouses that have been occupied so far in 2023, with surfaces ranging from 500 to 43 thousand square meters, the latter corresponding to a project carried out tailored to the El Florido - Boulevard 2000 corridor. The Pacifico - Nordika and El Florido - Boulevard 2000 corridors accumulate close to 78% of the industrial demand generated in the 11 months of 2023.

This attractive frontier market manages to attract more than a dozen developers who compete to serve a market that is increasingly achieving a higher degree of institutional development.

Currently, this market has 35 industrial warehouses whose surfaces range from 870 to 37 thousand square meters, where about 66% correspond to existing projects, leaving the rest to warehouses that are still advancing in their construction processes. At the beginning of December, Tijuana still maintains an important pace of construction that has not slowed down in the last two years, where nearly 435 thousand square meters are currently being developed.

Of interest: El Bajío brings together 33% of the industrial constructions started in October-November

This activity has favored an increase in vacancy that at the beginning of December reached 1.9%, after two years ago it registered 0.68%. For the purposes of developers, this combination of indicators in the midst of an escalation in rental prices creates the ideal conditions to maintain the commitment to continue nurturing the new construction market.

By the end of the year, Tijuana will be one of the markets that appear on the national stage with the most favorable indicators of industrial demand and is emerging as one of the best performing in 2023.