Monterrey stands as the market that has managed to concentrate the largest amount of industrial supply based on the existence of qualified labor together with the presence of infrastructure and the excellent connectivity it has.

At the end of 2022, Monterrey managed to lead the national demand with more than 1.8 million square meters of industrial warehouse closures, exceeding by 35% what was registered during 2021.

This strong pressure on demand caused construction to grow at a faster rate than that observed in previous months, while vacancy followed a strong downward adjustment and rental prices substituted stability for an increase that reached almost 30% in the year. last year.

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At the end of January 2023, nearly 70 industrial warehouses are under construction with a total area of more than 1,500,000 square meters, although only 15% of these areas would be available if a tenant seeks to rent an industrial warehouse in Monterrey. 

If we focus on the construction projects that began during the month of January 2023, the industrial warehouses have areas ranging from 6,000 to 47,000 square meters, this last warehouse located on the Santa Catarina submarket.

67% of this new construction corresponds to speculative projects in a highly competitive market that produces excellent quality real estate products that satisfy the current demand for production relocation processes that land on Mexican soil.

These recently started projects would be completed this year between the third and fourth quarters of 2023. Apodaca y Santa Catarina account for 80% of these new buildings.

As reported by local and national media, there are various investments that arrive in Monterrey, such as the one announced by Unilever of 400 million dollars (mdd) over the next three years, where it would be starting operations by 2024.

This announcement is joined by Navistar and SKF. Navistar announced that it will invest 120 million dollars over the next three years to expand the paint booth area at its plant located in Escobedo, Nuevo León. SKF reinforces its value chain and invests 68 million dollars in Nuevo León in the manufacture of products for the electric vehicle transmission markets, mainly.

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American Woodmark also started the construction of a new 25.6 thousand square meter industrial warehouse in Ciénega de Flores where it will invest 45 million dollars, where cabinets, kitchens and doors will be manufactured.

These are just a few examples of the interest that makes Monterrey one of the preferred options when it comes to setting up for the first time or expanding its production capacity within Mexican territory.

We will continue to witness the arrival of investment in the home appliances, metallurgy, automotive and information technology sectors, which will continue to contribute to the drive of the northern region and specifically of the regional market.