At the end of the second quarter of 2023, industrial constructions in Mexican territory are 10% higher than what was built a year ago.
Of the 5.6 million square meters of industrial projects that are advancing in July 2023 nationwide, 47% correspond to custom-made or BTS projects and the rest is complemented by speculative projects.
If we focus on large stores, at least thirty projects that exceed 30,000 square meters are under the BTS format. In this group of large stores, the number of speculative projects and projects under the BTS format are very similar.
Of interest: BTS projects dominate the industrial demand of Saltillo in the first half of 2023
A large proportion of these projects are planned to be completed at the beginning of 2024, so the national inventory will have new modern and spacious warehouses that allow increasing the average size of warehouses in Mexico.
If we review where these projects are located, the eight entities that Solili monitors located in the northern region of the country concentrate 70%, while the lowlands group 16% and the country's capital 10%.
Let us bear in mind that after the pandemic, an important change has been generated both in the design guidelines and in the construction processes and in the incorporation of new elements of connectivity, services and facilities that seek to harmonize the production processes with the new global care guidelines. environment when building new industrial buildings.
The design has evolved in the logistics turn, especially in areas such as storage and distribution, which demand multi-level warehouses where these two activities are carried out simultaneously. The flexibility in the use of space and the largest surfaces free of columns and arranged with great heights are key when adjusting to specific manufacturing processes.
Check here: Industrial demand persists, CDMX maintains the pace reported in the first half of 2022
Developers who manage to establish a rental commitment to build a tailor-made ship already adapt from the beginning all the considerations and guidelines dictated by the client.
For this reason, the design that involves carrying out a speculative project requires precise knowledge of the sizes, surfaces, heights and materials that allow the developer to come up with a real estate product capable of easily adjusting to a standard production process.
The large industrial markets such as Mexico City, Monterrey, Tijuana, Ciudad Juárez and Saltillo have substantially improved the profile of their offers and in the case of those that are reaching historically low levels in their vacancies, it is likely that we will see new construction modalities that take advantage of verticality. as an option to meet the demand.
Other options that are also being managed in some markets that seek to take advantage of the nearshoring boom is the extension of new ordinances that include new surfaces with an industrial vocation.