At the end of the third quarter of 2023, the Tijuana industrial market achieved an increase in gross industrial demand of 9% in the same order as registered in markets such as Guanajuato y Querétaro. However, if we analyze the trajectory between January and September 2023, the increase reaches 57%, the highest percentage of growth at the national level.

Tijuana is one of the border markets that has received greater pressure from manufacturing, logistics, furniture, pharmaceutical and electronics industries so far this year.

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The surfaces demanded during the first half of the year ranged between 7 and 43 thousand square meters, however this last quarter the sizes demanded decreased and are between 400 and 1,700 square meters.

The maximum surface area demanded so far this year in Tijuana, ranging from 20 to 43 thousand square meters, represents 30% of the total areas, although only 18% in number of closures, concentrating the largest number of operations under the modality speculative.

This boost in demand is the signal for developers to keep industrial spaces available, such as the case of Fibra Macquarie, which at the beginning of August announced the start of a new industrial park on a 25-hectare plot of land southwest of Tijuana, where it plans to build three industrial warehouses that will generate a gross profitable area of more than 80 thousand square meters.

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Another industrial park that began construction at the end of September is Gate Pacific in Tijuana, with an investment of 205 million dollars and where it already has a first client in the logistics sector, such as DHL Supply Chain, which will have a distribution center. of 20 thousand square meters.

Almost a dozen developers have in-depth knowledge of the indicators in this frontier market, which allows them to carry out 75% of the projects that correspond to the speculative format, knowing the advantages they obtain such as the increasing rental price environment that has increased by 31% during the last year.