The industrial markets that make up the northern region of the country continue to be activated above the national average in terms of the main real estate indicators.

Industrial constructions in progress in the eight markets in the north of the country monitored by Solili grew by 35% in annual terms while the national total grew by 10%, according to figures reported for 2Q 2023.

Check here: Industrial vacancy in the country continues to decline during 2Q 2023

In absolute terms, Saltillo, Monterrey y Tijuana  lead the way and more than 260,000 square meters exceed what was built a year earlier. Although in percentage terms Saltillo and Tecate stand out as the markets whose increase in activity was more pronounced.

Monterrey, Tijuana, Saltillo and Ciudad Juárez occupy, together with Mexico City, the first five positions nationwide for industrial constructions in progress. Monterrey, by far, surpasses the rest of the national markets by reporting more than 1.7 million square meters of industrial buildings that are built on its territory.

Now, regarding even more recent figures for the month of July, more than three quarters of the works that began construction in the month correspond to the markets of the north of the country, which include Monterrey, Tijuana and Saltillo. In Monterrey alone, 153,000 square meters of new industrial buildings were started during the month of July 2023.

In turn, half of the works that were completed at the national level during the month of July 2023 correspond to entities in the north, which include Monterrey, Mexicali, Tijuana, Ciudad Juárez and Reynosa.

Of interest: Reynosa, a fertile market for industrial investments on the northern border

Regarding gross absorption, the eight northern markets hold more than 58% of the national total, a phenomenon that is due both to expansions and to the location of new investors exploring the border and other northern markets due to their proximity to the United States. .

Both in Saltillo and Monterrey we have registered great activity on the part of local governments in approaching both Europe and Asia to strengthen commercial ties, promoting their regions and guaranteeing the stability and security required to be able to operate within the country.

If we analyze industrial vacancy while the national average stands at 1.7%, the percentage corresponding to the eight northern markets stands at 1.3%, below the national average. At the end of July 2023, Mexicali registered the highest percentage of vacancy in the northern markets with 3.4% and Tecate the lowest percentage with 0.6%.