The start of the year has registered the settlement of 305 thousand square meters of new industrial buildings nationwide. The projects are advancing at a good pace and meet the agreed delivery deadlines, which in a time of high inflation makes it possible to maintain the profitability forecast for developers.

Mexico City leads the national total with more than 120,000 square meters of new industrial projects, all of which are speculative and already entered into the inventory. Given the strong dynamism that the capital of the country maintains, the competition between the main institutional developers continues to expand their land bank with an industrial vocation that begins to extend towards non-traditional corridors.

Of interest: Industrial demand forces developers to build more space in Saltillo, Tijuana and Juárez

Another trend that Mexico City maintains is that speculative construction is covering all sizes from 10,000 to 60,000 square meters, when previously these large areas were concentrated in custom-made projects due to the high investment cost and associated risk.

Tijuana also stars in the culmination of industrial buildings during the month of January 2023 and finalizes buildings for 50,000 square meters. This border market has continued to register an upward trend in its rental prices, estimating an annual increase of 16%.

Monterrey is not far behind and manages to complete 48 thousand square meters of industrial buildings at the end of the first month of the year. This market is the one that receives the greatest pressure from industrial demand at the national level and closes January above 165,000 square meters, almost the same amount of what construction began so far in 2023.

The speed with which industrial buildings start and end in this northern market has made competition between developers greater, which brings great advantages for potential tenants when it comes to choosing a building.

Consult here: How are the new constructions that are demanded in the industrial market of Monterrey?

Querétaro also finished just over 40,000 square meters of industrial buildings, while another 20,000 square meters began construction in the same period, within an environment of rising rental prices that has registered an increase of more than 20% in the last year.

Mexicali y Saltillo complement the group of markets that culminated with industrial warehouses for a total of 27 and 18 thousand square meters respectively.

The latest inflation growth projections in Mexico indicate that there could be a slight slowdown in growth in this indicator, which looks favorable for constructions that are still advancing towards the end of the first quarter of 2023.