Heading to the middle of 2022, everything points to vacancies in the main Mexican industrial markets continuing to hit historic lows.

In absolute terms, the highest vacancies are reported in  Mexico City, Monterrey and Guanajuato, which at the end of April 2022 registered percentages of 2.98%, 2.48% and 7%, respectively, with the latter entity located in the lowlands reflecting the highest percentage nationwide.

The last year has been favored by the broad growth in demand, which in 2021 alone totaled more than 6.6 million square meters and which maintained a quarterly rate during the 1Q of 2022 of just over 1.8 million square meters.

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The large surfaces that are part of the gross demand were used for both manufacturing and logistics processes throughout the Mexican territory, where the model of custom-made buildings or BTS prevailed.

The BTS modality enters the inventory fully occupied, which continued to affect the decrease in vacancy since the speculative demand was directed towards the available spaces of the entities, closing the vacant gap even more.

The largest contractions related to their inventories occurred in Tecate, Monterrey and Ciudad Juárez, which contracted by 4.9, 3.1 and 2.3 annual percentage points, respectively.

The cities of the north and to a greater extent the border ones have been recipients of the enormous pressure of the vacancy on American soil that increased considerably after the pandemic, which further fueled the crisis of the supply chains from Asia.

The way to reverse the decrease in vacancy is by generating the necessary incentives so that new industrial parks continue to be built, and by this we refer mainly to energy and resource issues, such as the case of water supply.

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Many entities and their governments have understood this and are advancing in the critical investments that in the case of markets such as Monterrey have been the water issue and road connectivity and in the case of Querétaro the guarantee and capacity of electricity supply, for only name a few.

The open Mexican economy with the level reached in the industrial real estate market, both on the side of the suppliers and the demanders, together with the proven development of its value chains, are the key elements that will continue to put Mexico on the industrial radar of Latin America and the world.