Industrial demand in Guadalajara maintains the pace, reaching 68 thousand m2 in November
Solili | December 12, 2023 |

Guadalajara has maintained gross industrial demand in the 11 months of 2023 at levels similar to those of the previous year, reporting 306 thousand square meters in this period.

Regarding its performance relative to other large national markets, Guadalajara occupies sixth place in terms of accumulated gross demand at the national level, which is led by Monterrey. As a reference, the gross demand in Guadalajara represents 25% of the current accumulated demand in Monterrey.

Check here: Learn about the submarkets who have taken advantage in Saltillo by strengthening their industrial profile

Only during the month of November, an accumulated gross demand of 68 thousand square meters was recorded in the midst of a vacancy that closed the month with 0.9% while the average rental price closed above $6.00 dollars per monthly square meter, which represents an annual increase of 20%.

If we review the details of the accumulated demand in the first three quarters of 2023 on the Solili platform, 75% is concentrated on the El Salto corridor. Likewise, Class A ships dominate the total accumulated demand in the period with 85%.

Logistics, electronics, furniture, food and manufacturing in general take the lead in this period, which makes up a varied spectrum of demand in the southwestern area of the country.

The demand during these three quarters remains atomized in warehouse size below 10 thousand square meters, which manage to group 4/5 of the total areas demanded. Large surfaces also appear in this period with three transactions over 25 thousand square meters, which represent 37% of the total demand.

Another advantage that the Jalisco entity exhibits is its strengths in terms of Innovation, Economy, Market and Infrastructure as outlined by the 2023 State Competitiveness Index, which places this important market in sixth position nationally, surpassed by Mexico City Querétaro, Nuevo León, Coahuila and Baja California.

Of interest: Which markets lead industrial construction in the last quarter of the year?

A recent example of investment in infrastructure is the completion of the works on the second runway of the Guadalajara Airport scheduled between March and April 2024, which will allow it to increase its capacity by 50% to be able to handle up to 60 operations per hour. Likewise, it anticipates the future and already has the land for a third expansion that will guarantee its future growth.

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