The north of the country concentrated 57% of the demand, followed by four cities in the Bajío that accumulated a fifth; and  Mexico City and Guadalajara with 18% and 5% of the demand for industrial buildings, respectively.

Solili attributed this search for industrial spaces to the phenomenon of nearshoring and a macroeconomic scenario that favors investment in the country, as well as the increase in Foreign Direct Investment and exports, along with the growth of reserves that strengthen the local currency.

Consult here: Silao-León submarket reports the highest growth in Guanajuato during 2023

"The evolution of these macroeconomic variables is the axis of observation maintained by the main developers, financiers and investors in the industrial market that has been boosted by relocations.

"Inflation is taking a breather and growing at a lower rate, which could favor industrial investment in the second half of the year," said Pablo López Gallardo, director of Market Research at Solili.

The company's recommendation for those looking for industrial spaces is to acquire assets under construction or lease where there is a probability of extending the contract term.

While, for developers, it suggests that they do not lose sight of the conversions and adaptations of other assets to industrial buildings to position themselves in a highly competitive market.

Of interest: Monterrey industrial, gross demand reports a strong momentum during the last two years

"The logistics sector will be another trigger for demand in the second half of 2023, requiring buildings that guarantee efficiency in distribution and supply," said López Gallardo.

For its part, CBRE reported that, in the first half of the year, the industrial inventory in the Metropolitan Zone of the Valley of Mexico closed at 10.4 million square meters; while the list price for rent closed at 7.79 dollars per meter per month.

In Solili you can consult industrial warehouses available in Monterrey and Saltillo

Original note