At the end of 2023, Querétaro maintains a strong construction pace where half a million square meters are advancing in important industrial projects whose surfaces range from 400 to 67 thousand square meters.

This level of construction reaches the historical maximum that was also recorded in October 2022. During that year, this entity closed rental operations under the model of custom-made constructions that were going to be used in the cases of large surfaces in some centers. of data that were being installed in the entity.

It was a very active year that resulted in the start of 36 industrial buildings that total 519 thousand square meters and that are concentrated 65% in the Airport submarket and the remaining 20% and 15% on the Querétaro-San Luis Potosi and Mexico submarkets. -Queretaro, respectively.

Check here: Speculative projects dominate the industrial construction of Guadalajara

An important characteristic in the constructions in Queretaro is that they dominate the warehouses that exceed 20 thousand square meters up to the largest one with 67 thousand square meters, the latter is a project that is built under the custom-made modality on the submarket Airport.

Although if we analyze the number of projects in execution, half are warehouses over 20 thousand square meters and the rest correspond to measurements below this surface.

If we also focus on the modality that most predominates, custom-made projects and speculative projects share 50% of the constructions. The fact that there is a significant speculative supply has in part favored this market to recover its industrial vacancy slightly from the percentage of 2.4% reported in May 2023 to the 3.5% reported in December of this same year.

Of interest: Guanajuato: Bajío market that attracted the highest volume of industrial investments in the year

This vacancy of almost 230 thousand square meters is mainly concentrated on the Airport and Mexico-Querétaro submarket, which in turn is where 78% of the accumulated gross demand for 2023 was concentrated.

This situation creates an advantage for this shoal entity to face demand requirements that come from other markets, mainly from the north that have been registering significant downward adjustments to this indicator.

The current availability at the beginning of 2024 of the spaces that are under construction in Querétaro would allow a potential tenant to locate an industrial building that could range from 400 to 67 thousand square meters.