San Luis Potosí registered at the end of the third quarter of the year 114 thousand square meters of gross demand, a figure that is 142% higher than that registered in the previous quarter and that is 3.6 times higher than that registered in the same period of 2021. This high absorption volume registered with respect to previous quarters has been driven mainly by Class B vessels.

Let us remember that this entity, due to its vocation for automotive manufacturing, was one of the most affected after the pandemic, having considerably decreased its gross demand records during 2020 and 2021.

This situation begins to reverse towards the last quarter of 2021 when the net demand almost exceeds 80 thousand square meters and from then on it has maintained an average quarterly demand rate of 20 thousand square meters.

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As in the rest of the markets in the bajío, construction continues to be significantly driven by BTS projects, although in the specific case of this entity there are more speculative projects in number, although if the measurement is made by areas they take the BTS is ahead as they generally involve larger dimensional surfaces than speculative projects.

Companies in the automotive, parcel, logistics and manufacturing lines in general cover the gross demand so far in 2022.

The start-up during Q3 2022 of the expansion of almost 70 thousand square meters of an important Japanese firm dedicated to the automotive sector and that involves an investment of 50 million dollars to strengthen the production of electronic steering systems, bearings and intermediate shafts of power steering for customers such as Toyota, Mazda, Honda, Nissan, Daimler and BMW.

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This boost in demand means that the vacancy at the end of Q3 2022 manages to reach 5.1%, a percentage that reflects a decrease of 1.4 percentage points compared to the same period in 2021. However, in percentage terms, this value is one of the highest registered in the Mexican industrial market, only surpassed by Guanajuato with 5.5% at the end of the third quarter of the year.

In terms of area, there is a large presence so far this year of warehouses that average 5 thousand square meters and that correspond to multiple suppliers that make up the entity's automotive cluster and that are generally satisfied with the speculative constructions that they carry out. various developers. The San Luis Potosí Industrial Zone and San Luis Potosí Villa Arriaga corridors have been the protagonists of gross demand so far in 2022.