Monterrey continues to lead the way in boosting both gross industrial demand and construction activity nationwide. So far this year, this market in northern Mexico has already accumulated 762,000 square meters of gross demand, a figure that represents a quarter of the industrial real estate demand in the Mexican territory.

According to the government of Nuevo León, both the announcement of Tesla's investment at the beginning of March 2023, as well as the strong demand from companies seeking to relocate their production processes affect the increase in Foreign Direct Investment in the entity.

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Nuevo León expects to complete a hundred projects to close the year with investments that exceed 8.8 billion dollars, a figure that would exceed almost 50% of what was registered during 2022.

International companies, mainly Asian ones, have managed to create synergies and shorten the adaptation period and procedures by relying on other firms from other Asian countries that were already installed in the area, as is the case of various companies that are located in the Industrial Park Hofusan.

Currently, Monterrey has a vacancy of 1% that has decreased by one and a half percentage points in the last year, as a result of the pressure generated by demand in the industrial goods market.

Only in the second quarter of 2023, some thirty warehouses began construction, exceeding 420,000 square meters of new industrial developments, while another 248,000 square meters completed construction and is added to the inventory, although part of these projects when they enter the market are occupied. they do not contribute to increasing availability.

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Another trend that continues in the first half of 2023 is the diversification of sectors that either seek to expand or start production for the first time and that include the automotive, metal-mechanic, electronics, furniture, and manufacturing and logistics sectors, in general.

The automotive sector is of special importance since a large part of the multiple investments that are installed is focusing on electromobility, generating networks of specialized suppliers, mainly the axis that connects Saltillo with Monterrey.

Developers who are aware of the business opportunity involved in being on time with a project when demand arises, review in detail the areas and the possibilities of conformity of uses to accelerate their presence in the area and achieve a greater participation in this important market.