The Aguascalientes market, although it represents 10% of the industrial inventories that total the four markets that make up the shoal, was the one that presented the best performance in terms of the growth of its gross demand throughout 2023.

At the end of Q4 2023, the accumulated demand for the year registered 111 thousand square meters, a figure 76% higher than the total accumulated in 2022. The areas where demand was concentrated were automotive, manufacturing and logistics, mainly, with homogeneous surfaces between 6 thousand to 16.5 thousand square meters. This last surface corresponds to the maximum area demanded in the entity and was located on the Aguascalientes South corridor. However, demand was also distributed equally between the North and South corridors of Aguascalientes.

Of interest: Guadalajara reported positive performance in the main indicators during 2023

This market also managed to increase its rental price by 24% during this last year, the same percentage reported by other markets such as Monterrey, Chihuahua, Reynosa and San Luis Potosí itself, which also make up the Bajío region. Towards the end of Q4 2023, Aguascalientes reports an average rental price of $5.1 dollars per monthly square meter.

However, even with this growth in demand, industrial construction remains at a low level with only 20 thousand square meters of projects that are progressing in execution located on the Aguascalientes North corridor. Of the three projects that began construction in 2023, one did so under the custom-built or BTS format during Q1 2023, while another pair of buildings began during the second quarter of the year under the speculative modality.

Regarding the projects that were completed in 2023 and began to feed the industrial inventories in Aguascalientes, about half a dozen warehouses totaled almost 73 thousand square meters in sizes ranging from 5 to 26.8 thousand square meters.

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During the last quarter of 2023 we also saw announcements of investments that would reach this market, such as that of the Japanese firm specialized in the logistics sector, Parker Corporation, which would be expanding its operations with an investment of 8 million dollars.

Another large investment that would be consolidated in the entity corresponds to the Chinese Tier 1 supplier company, Xinquan, for an amount of 100 million dollars and which will generate 700 new direct jobs in the entity. This company is dedicated to the development and manufacturing of interior auto parts and was established in 2021 with a 27,576 square meter plant in the San Francisco IV Industrial Park. The new investment would contemplate the construction of a new warehouse of additional 10,750 square meters.