Industrial construction in Querétaro rebounds during the month of November
Solili | December 14, 2023 |

Querétaro shows significant progress in the main real estate indicators such as industrial construction and industrial net demand.

Currently, in November 2023, construction reaches another peak with more than 502 thousand square meters, concentrating about half on the Airport corridor.

During the month of November alone, more than 100 thousand square meters were started, a figure similar to that reported in the previous month. This important construction pace seeks to meet the gross demand that between January and November already exceeded 378 thousand square meters.

Consult also: Northern region of the country leads industrial demand towards the end of 2023

Demand in the first three quarters of the year is concentrated 63% in Class A warehouses, which, unlike the same period in 2022, maintain almost 50% in sizes less than 2 thousand square meters when previously warehouses with larger surfaces predominated.

Querétaro represents 37% of the total Mexican shoal and 7% of the national total in terms of the accumulated figure of industrial demand until November 2023.

During this year, which is about to end, the preferences for locating in the north of the country have concentrated 55% of the accumulated demand on the eight markets that Solili monitors, leaving Mexico City and the 4 entities in the shoal with 18% and 20%, respectively. .

If we analyze the net demand that includes the vacancies of industrial warehouses, the first three quarters of the year break a record with 393 thousand square meters.

The investments that have been made in the entity and the projection of new relocations of factories and plants from Asia and Eastern Europe to Mexico support the previously mentioned figures.

With figures issued by the Secretariat of Sustainable Development (SEDESU) of Querétaro as of November 2023, 51 investment projects have been completed in the state and there are another 58 in the pipeline. Of the total projects already completed, 25 are new investments, and 26 are expansions of companies already established in the state.

Of interest: Industrial demand in Guadalajara maintains the pace, reaching 68 thousand m2 in November

In the month of November alone, SEDESU issues information notes on Siemens' investment of 940 million pesos, along with a report indicating that there are currently ten data centers installed and 18 more are in the process of arrival, which represent 613 megawatts. of energy capacity, as well as an investment of more than eight thousand 582 million dollars.

There are various interested countries that have their sights on Querétaro, such as the United States, China, Singapore, Taiwan, Germany, Japan, which plan to invest more than 94 billion pesos in expansions of already installed operations or the arrival of new relocations,

The spearhead of the entity is its focus on decarbonization strategies and the application of measures against climate change that strengthen its investment profile among other markets with which it competes.

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