According to the Productivity and Competitiveness Program 2020-2024 prepared by the Ministry of the Interior or SEGOB, in 2020 competitiveness is defined as the set of conditions necessary to generate greater economic growth, promoting investment and generating employment.

Competing companies strive to gain more customers and revenue, derived from various strategies such as setting lower prices, developing new products and services, reducing costs or making quality improvements, among others.

Thus, competition in the markets facilitates and stimulates a greater offer and diversity of products and services, at lower prices and with higher quality, for the direct benefit of consumers.

The industrial real estate market in Mexico has gone through 2021 where investors have interacted through the various vehicles that exist in the country.

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The financial and stock market instruments that have democratized investment in real estate, have allowed multiple asset exchange operations from one to another institutional owners that have been able to strengthen and increase their portfolios.

During the second week of December we saw the acquisition of the new DHL cedis by Fibra MTY in a recent sale and lease back operation or the operation where Prologis and Artha Capital, through Frontier Industrial, execute a purchase-sale agreement of a first-level industrial portfolio that corresponds to 14 properties for $ 160 million dollars and that go on to increase their industrial portfolio in Tijuana and El Bajío.

Multiple operations like these indicate the high competitiveness of the Mexican industrial market as well as the strong dynamism corroborated by the accumulated figures for 2021.

Just one month after the end of the year, Monterrey, Ciudad de México, Querétaro and the capital have grossly absorbed over a million square meters, and at the national level a closure is estimated to exceed 6 million square meters.

If we analyze the vacancy and its performance in 2021 we will see healthy levels in all markets such as Monterrey, Ciudad de México, Querétaro with 4.22%, 3.95% and 5.23% respectively.

Most entities have registered significant vacancy decreases of up to two percentage points and cases such as Ciudad Juárez with 1.88% and Tijuana with 0.65% reach very low levels and therefore it is there where the greatest dynamism is being concentrated due to the fact that inventories are more appetizing.

Check here: The construction industry and what will come in 2022

It is also where construction activity reached the highest peaks in the last two years with 423.4 thousand square meters in Tijuana and 298.6 thousand square meters in Ciudad Juárez, according to figures at the end of November from Solili.

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Mexico is not the exception where it is expected that next year the environment, sustainability and governance policies, ASG in its acronym in Spanish, will continue to set the standard for new constructions and adaptations of existing industrial buildings.

We will see even more competition from investors to diversify their portfolios and penetrate markets that were previously emerging and where there will be many improvements over well-placed and sized Class B and C vessels that can improve your inventory ranking.

Competitive, dynamic and healthy that is how it is and will continue to project the industrial market in our country.

At the same time, a year of great challenges is also expected with persistent global and national inflation, where Banxico recently increased the reference interest rate by 50 basis points, leaving it at 5.5% as of December 17, which will have a significant impact on the increase in prices and specifically in construction.