The border city of Reynosa accumulated during 2022 a gross industrial demand of 155 thousand square meters. The projections of the Ministry of Economic Development and Employment in the municipality, points to doubling this figure in 2023, although so far the investments registered so far this year still maintain a much more conservative figure.
It will be necessary to remember that once the investment is announced, going through the start of construction and finally the commissioning or start of operations, a period of time elapses that on average exceeds one or two years, so the projected figures could reflect higher values. to those recorded as closings or transactions carried out in the period. The amount of investment estimated by the government agency is 215 million dollars for 2023.
Of interest: Industrial demand in the North of the country exceeds 1.8 million m² in the course of 2023
Reynosa becomes one of the border markets that has yet to develop its industrial potential, basing its offer on the basis of direct connectivity with the United States, high-quality skilled labor and the constant commercial flow in its operations with guarantee of delivery compliance.
Demand during the first half of the year has been centered on surfaces ranging from 3.4 to 20,000 square meters, the latter corresponding to a custom-made project located on the Pharr Airport-Bridge submarket. The turns of the companies that have demanded spaces during 2023 have been varied from the automotive industry, through logistics, maquila and manufacturing.
From mid-2022 to the end of Q1 2023, a strong boost was generated in industrial construction, which was quickly absorbed by the demand levels of the period, resulting in a vacancy of less than one percentage point at the end of July 2023. The current vacancy is 65% concentrated on the North and West submarkets.
See also: What sectors drove the industrial investments of Querétaro during 2023?
Meanwhile, the corridor where demand is historically concentrated, such as the Pharr Bridge Airport, currently only has five industrial warehouses whose surfaces range from 2.8 to 20.7 thousand square meters. The vacancy on this submarket is below half a percentage point, its lowest level in recent years.
Currently, the level of construction is still around 220,000 square meters and seems adjusted with respect to demand projections for the remainder of the year. If we focus specifically on the Pharr Airport-Bridge submarket, only two of the five projects being built there are available, with areas of 9.2 and 20.7 thousand square meters, which limits meeting the demand that could be activated in the remainder of 2023.