The industrial market in Reynosa registered a significant increase in its rental prices, a similar situation that can be seen in the most prominent northern markets such as Monterrey, Saltillo, Tijuana and Ciudad Juárez. At the end of May 2023, the average rental price closed at $5.3 dollars per square meter per month, registering an increase of more than 30% over the last year.

However, the buildings that had registered their maximum level in October 2022 with 347 thousand square meters have been registering a lower amount of 222 thousand square meters at the end of May 2023.

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The accumulated data for the months of April and May records, on the one hand, the completion of 17,000 square meters of industrial buildings; and on the other, the uprooting of almost 20,000 square meters of new construction.

Just over 70% of the new industrial projects that are advancing under construction are located in the Poniente corridor, where close to 40% of the industrial inventory in this market is located.

Half a dozen developers are advancing with projects ranging from 9,000 to 54,000 square meters, where the total area of custom-made projects is equated with speculative ones.

In the case of Reynosa, although vacancy had fallen sharply during 2022, it has currently remained constant, registering 1.1% at the end of May 2023 with percentages similar to those observed in Monterrey and Ciudad Juárez.

On the demand side, we still see some slowness in the closing of the second quarter of the year, although the presence of pre-leases that stimulates demand so far in 2023 continues.

Of interest: With great investment in industrial infrastructure, construction begins on 765 thousand m2 in April-May 2023

The Villa Florida and Del Norte parks of the Río San Juan developer group are attracting part of the demand, attracted by the presence of a diverse number of multinational companies that are located there.

The secretary of economic development and employment of Reynosa stated that the demand for industrial properties will reflect an investment estimated at 215 million dollars aimed at the logistics, manufacturing, metal-mechanic and auto parts sectors, among others.

Direct, immediate connectivity to the United States and skilled labor continue to be the factors that favor investment in this market.