At the close of the first quarter of the year, the Chihuahua industrial market reported an inventory exceeding 2.8 million square meters and a vacancy rate of 4.4%, equivalent to more than 125,000 square meters available.

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Over the last year, Chihuahua has seen an 11% increase in its industrial inventory, driven by the completion of Class A buildings totaling more than 150,000 square meters delivered during this period.

The Chihuahua market has seen expansion by institutional developers, who have expanded their industrial footprint with both speculative and build-to-suit projects. Companies such as American Industries, Intermex, and Fibra Nova have led the delivery of Class A space, adding high-end available space to the inventory.

The North and East submarkets have seen the greatest industrial growth in Chihuahua. In the Northern submarket, Intermex developed warehouses in Carolina Industrial Park and Fibra Nova in the new Bafar Norte Industrial Complex. In the Eastern submarket, American Industries expanded its participation with new projects.

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Chihuahua's industrial offering is primarily concentrated in the Northern submarket, with more than 70,000 square meters available, followed by the Eastern submarket with nearly 34,000 square meters, and finally the Southern submarket, with approximately 16,000 square meters available.

With a growing Class A inventory and a diversified industrial offering, the Chihuahua market reflects the confidence of institutional developers, which could boost the attraction of investment and new projects.