Industrial demand for 2022 in Mexico already exceeds that of 2021 by 13%
El Economista | December 08, 2022 |

Just one month before the end of 2022, gross industrial demand nationwide accumulates 6.6 million square meters, a figure 13% higher than that registered in the same months of 2021.

This year has been crucial for the Mexican industrial market, which has managed to come out stronger in the midst of multiple external factors such as the increase in world inflation and the recomposition of supply chains. Both factors opened the possibility for Mexico, due to its proximity to the United States, for companies to seek to install their production processes in Mexico.

At the end of November, the Foreign Direct Investment figures for the first three quarters of the year were published, where Mexico captured 31.621 million dollars, a figure that already exceeds what was captured during all of 2021.

Check here: What are the industrial markets that dominate construction in the country?

Manufacturing represented 36.3%; transportation 14.5%; information in the mass media captured 13.6%; financial and insurance services, 11.6%; trade, 5.8%; and mining 4.8%, while the remaining sectors captured 13.4%. Once again, it is the United States that leads investment in Mexico by country of origin, with 30.1% followed by Canada with 9.5%, which makes clear the important role that T-MEC plays in the performance of our country's economy.

In the specific case of the industrial real estate sector and according to figures at the end of November 2021 from the Solili platform, the Monterrey market remains at the forefront of gross absorption between January and November 2022 with more than 1.6 million square meters , a figure that represents a quarter of the national demand. It is closely followed by the capital of the country with more than 1.4 million square meters, 22% of the national total.

This year has also been very favorable for the four markets of the shoal, which includes Guanajuato, Querétaro, San Luis Potosí and Aguascalientes,, which already accumulate in eleven months of 2022 more than 1.3 million square meters of gross demand, a figure 50% higher than what registered in the same months of 2021.

Of interest: Industrial construction will continue strong in the Saltillo market

At present, the shoal groups 21% of the national demand when last year its participation at the national level was 15%. The main factors that triggered this growth are associated with expansions and large tailor-made projects in sectors such as data centers, furniture and operations linked to the automotive sector, as well as new logistics locations.

Other northern markets such as Saltillo, Ciudad Juárez, Reynosa and Tijuana together account for another quarter of the demand for the eleven months elapsed in 2022.

By the end of 2022 we will see an accurate portrait of the most dynamic markets in terms of demand and the correlated projections of vacancy, price and construction that will allow us to start 2023 with an overview of key trends for any developer or investor who maintains his commitment to profitability in the months to come.

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