The Bajío industrial market, close to the end of 2023, has shown sustained progress in gross industrial demand, although it fails to reach the levels reported during 2022, where it showed a historical maximum.

But not all markets would be experiencing a similar performance. On the one hand, Aguascalientes and San Luis Potosí accumulated increases in gross industrial demand between January and November 2023 that exceeded 57% and 9%, totaling 99 and 257 thousand square meters, respectively.

Check here: Driven by demand, FIBRAS report growth during 2023

Meanwhile, the markets where the largest amount of industrial inventories are accumulated, such as Querétaro and Guanajuato, in the first 11 months of 2023, maintained a much slower pace in demand that contracted by 32% and 44% compared to the same months of the year. 2022.

Querétaro remains the market where the largest amount of gross demand accumulates in the Bajío with 378 thousand square meters while Guanajuato accumulates 295 thousand square meters.

So far in 2023, the Ministry of Sustainable Development recorded a Foreign Direct Investment of 1,764.9 million dollars, mainly the capital injection is of German and American origin. According to SEDESU data, so far this year Querétaro has completed 52 projects, highlighting investments from the United States, Germany, France, Spain, Canada, Korea, Japan, Peru, Portugal and China.

For its part, Guanajuato, reinforced by its solid infrastructure, connectivity and presence of qualified labor, has been an important focus of attracting foreign investment, going from sixth place to becoming the fifth economy nationwide.

Let us remember that after the successful tour of Asia that the authorities of Guanajuato carried out, in mid-June, 15 projects are being prospected that will generate investments for $1,026 million dollars, where various companies in the automotive, health, capital goods, electronics and textiles sectors , are relocating their production processes in the entity, along with others that are increasing their presence in this market.

Regarding construction activity in 2023, there was an important push to complete buildings that could meet the demand in process. In total, one million 26 thousand square meters of industrial warehouses are progressing in construction, which almost represents 20% of what is built nationwide.

Of interest: Developers continue to invest in the transformation of office spaces

The markets of Querétaro, Guanajuato and San Luis Potosí have industrial projects for a total of 503, 358 and 205 thousand square meters of industrial warehouses, respectively.

It is expected that by 2024, several of these announced investments will be reflected in the demand figures recorded by the Solili platform, which will allow the region to be competitive when it comes to having vacant spaces while other markets such as those mentioned In the north of the country they manage a vacancy percentage well below 2%.