2023 was a year where the Saltillo industrial market showed its strength by starting 480 thousand square meters of new industrial projects, with the last quarter of the year being the most active by grouping a third of the areas of the projects started in the year. .

By the beginning of 2024, just over 580 thousand square meters of industrial buildings continue in various phases of execution, with the Ramos Arizpe corridor concentrating three-quarters of the works in progress. The busiest quarter was Q4 2023, where nearly a dozen projects covering 160 thousand square meters began.

Nearly 90% of the industrial works carried out in Saltillo correspond to the modality of custom-made projects or BTS. More than half of the surfaces that are built correspond to warehouses over 20 thousand square meters, although we do compare the number of projects under construction, the vast majority correspond to warehouses under 20 thousand square meters.

Of interest: Santa Catarina, Ciénega de Flores and Escobedo focused industrial demand in 2023

A large number of these projects are planned to be completed between the second and third quarters of 2024, so it is anticipated that another significant number of new industrial warehouses would be about to begin between January and March.

Among the main developers in this market we find Vymsa, Davisa, 360 Industrial Park, and the Server and Entrecot Groups, almost all of them with more than a couple of projects in development.

Saltillo has taken advantage and mainly Ramos Arizpe by having good connectivity due to the existence of the airport, roads and infrastructure that allow suppliers and routes of finished products to be linked in order to achieve efficient merchandise trade. However, the integration of this important corridor with the Monterrey market and specifically Santa Catarina is vital if we want to capitalize on part of the opportunities that the arrival of Tesla will generate.

Check here: Industrial construction of Querétaro closes strong in 2023 with 500 thousand m² in development

Currently, industrial vacancy still continues at low levels of 1.28% with a rental price level that is around $5.13 dollars per square meter monthly, it has grown at an annual rate of 9%, well below the increase in the national average prices. .

That is to say, this market offers very competitive prices when compared to brokers in Monterrey such as Santa Catarina whose average rental price is $5.73 dollars per square meter per month or with Apodaca, Ciénega de Flores and Pesquería that exceed $6.4 dollars per square meter. monthly.