Developers concentrate investments in speculative projects in Reynosa
Solili | May 31, 2024 |

Reynosa is an attractive investment center for both national and international companies. To capitalize on this advantage, developers have decided to start the construction of various speculative industrial warehouses. These facilities are designed to be leased, offering companies the necessary infrastructure to establish or expand their operations in the region.

Of interest: Monterrey reports 145 thousand m² of new industrial constructions in April

Between January and May 2024, various developers began the construction of speculative spaces in Reynosa, reaching a figure that exceeds 59 thousand square meters. This has been driven mainly by two industrial corridors: Airport-Pharr Bridge, which represents 64% of the total, and the Poniente corridor, which covers the remaining percentage.

Developers such as Centinela Property, Finsa and Roca Desarrollos are betting on the Reynosa border market, building a variety of industrial spaces ranging from 8 thousand square meters to over 20 thousand square meters.

The largest project is led by Finsa with an industrial warehouse that covers almost 30 thousand square meters in the Villa Florida park. Following closely, Centinela Property with the construction of a 20.5 thousand square meter project in its new Centinela East Park. In addition, Roca Desarrollos with the construction of two buildings within the El Puente industrial park, thus contributing to the continuous and diversified growth of the industrial market in Reynosa.

Check here: New investments continue to drive Tijuana's vertical growth

The average rental prices for pre-leasing these developments range between $7.10 and $7.53 dollars per square meter per month, which represents an increase of approximately 9.5% of the current average price in Reynosa. With these projects, we can see the developers' confidence in continuing to invest in Reynosa. The offer of various available spaces not only shows a positive outlook for this industrial market, but also shows growth in industrial infrastructure for future investments.

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter

  
Advertisinginfo