During 2Q 2021, the Reynosa industrial market showed a positive and growing behavior, reporting a total lease of more than 65 thousand square meters represented in 9 operations, exceeding by 10% the figure observed in the first quarter of the year.

Approximately 43% of the total demand was concentrated in the Poniente submarket and the rest in the Airport-Puente Pharr and South submarkets. Most of the companies in the logistics and manufacturing sectors concentrated the demand in this city.

Again, the demand was driven by companies already located in the border city, which have decided to expand their operations by renting speculative spaces.

Of Interest: Fibra Prologis acquires 242,643 square feet in Ciudad Juárez

Reynosa's industrial inventory had a slight increase compared to the previous quarter, culminating in 18.5 thousand square meters that belong to a warehouse made to measure for a company that expands its production and is located on the Poniente submarket.

Even in times of pandemic, construction has not stopped in this market and during the period April-June 2021 construction began on a custom-made project or BTS for a company in the food and beverage industry.

In total there are 5 industrial buildings under construction in Reynosa, which total 46 thousand square meters. Of these projects under construction, three are custom-made buildings and two correspond to speculative spaces.

Important factors such as the T-MEC as a catalyst for investments and the growth of the industrial market of Reynosa has driven important developers such as GP Desarrollos in the start of a speculative project of 11.6 thousand square meters, reinforcing the industrial offer that ranges from 930 meters square up to 14.9 thousand square meters.

Query: National industrial demand of 1.7 million m², grows 37%, 2Q 2021

For the remainder of the year, we foresee an encouraging outlook, especially in terms of demand, given the city's location, infrastructure, and labor supply conditions and that the expansions of companies already established in the city continue to stimulate the most the market.