At the end of 2022, the five markets on the northern Mexican border that Solili monitors manage to concentrate 26% of the industrial constructions that advance in Mexican territory.

The strong pressure generated by the relocation of companies in Mexico has focused mainly on Tijuana and Ciudad Juárez. In Tijuana, industrial projects totaling 488,000 square meters are advancing under construction, while in Ciudad Juárez the figure exceeds 453,000 square meters.

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In the case of Tijuana, the figure under construction is equivalent to 2.5 times what was being built in December 2019, the last quarter of the period prior to the pandemic. When we evaluated the start of new industrial construction projects, the first quarter of 2022 was the busiest, where 166,000 square meters were started, ending the fourth quarter with the start of just over 78,000 square meters of new industrial buildings.

The projects that started during 2022 cover a wide variety of sizes between 930 square meters and 35 thousand square meters, where half of the quantities under construction correspond to industrial buildings of more than 20 thousand square meters. However, when analyzing the number of projects, 55% corresponds to warehouses smaller than 10,000 square meters, which is where there has been the greatest competition.

During 2022, a dozen developers competed with their industrial offer that sought to satisfy the demand that only during the last quarter of the year was distributed in the submarkets El Florido-Boulevard 2000, Pacifico-Nordika, Rosarito and Otay-Alamar in 39% 38 %, 18% and 5%, respectively. Demand for much of the year was concentrated in the logistics, food, medical supplies and automotive industries.

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In turn, speculative construction made up three quarters of the projects that began in 2022. In addition to custom-made projects, many of the speculative works achieved closures while they were in progress, so availability reached its lowest level. in September 2022 registering 0.41%.

From then on, the existence of speculative supply has made it possible to stop the decline in vacancy, which at the end of the year reached 0.8%.

Projections for the beginning of the year indicate that border markets will continue to be the most demanded both by new companies that are considering producing from Mexico and by existing ones that are expanding their operational facilities to satisfy the American and export markets. The challenge in the region will continue to focus on the energy issue and the scarcity of land with an industrial vocation, which is why it is expected that the industrial and urban sprawl will continue to spread towards Tecate and Rosarito.