Low vacancy rates as of January 2022 have reached historical levels, where Tijuana, Ciudad Juárez and Mexicali registered 0.5%, 1.4% and 1.5%, respectively.

If we analyze the largest decreases, Puebla and Monterrey decreased 2.6 and 2.5 percentage points during the last year, closing the last quarter of 2021 with 2.1% and 3.2%, respectively.

In other words, the gross demand in the vast majority of industrial markets in Mexico exhausted a large part of the available inventories, mainly due to the reconfiguration of the supply chains that demand industrial spaces that are increasingly closer to the United States.

The accumulated gross demand in 2021 allowed Monterrey to reach 1.4 million square meters, followed by Tijuana with 769 thousand square meters and Ciudad Juárez with 612 thousand square meters.

Check here: Record figures for Fibra Uno at the end of 4Q 2021

The northern border area largely took advantage of the growth of manufacturing, automotive, aerospace, technology, and logistics industries, among others. The eight entities that Solili monitors in this area accounted for just over 65% of the national gross demand in 4Q 2021.

The main developers are attentive to these signs that have been advancing during the last quarters of 2021 and for this reason, multiple custom-made projects, but mainly speculative, have started with force.

The markets with the greatest construction dynamism at the end of January 2022 are Monterrey, which exceeds one million square meters, Mexico City and Tijuana, with 762 thousand and 523 thousand square meters, respectively.

In the case of the country's capital, construction is concentrated in Toluca and the CTT (Cuautitlán, Tepotzotlán and Tultitlán), while in Tijuana 91% advances on the El Florido-Boulevard 2000 and Pacifico-Nordika submarkets.

The main investment trusts or Fibras in Mexico increased their portfolios as is the case of Prologis, which in the last quarter of 2021 acquired 14 industrial buildings for the amount of 160 million dollars in properties located in Tijuana and the El Bajío area

Of interest: Border crossings are strengthened as support for the industry in Tijuana

By 2022, Barclays recently declared that nearshoring and e-commerce were going to drive growth in demand for this trust.

Fibra Nova of Grupo Bafar also established a binding agreement for the purchase of 32.7 hectares in Chihuahua, where it will develop an industrial park on 32.7 hectares of land.

Fibra Monterrey and Terrafina are two other trusts that increased their portfolios in Ciudad Juárez and Monterrey, which are markets where demand has been continuously growing.

Movements in industrial portfolios will continue to advance strongly during the first two quarters of 2022, precisely because economic situations such as those experienced by high interest rates drive the best-informed groups to detect brokerage and development opportunities.