Tijuana has been one of the border markets where the pressure of demand for relocations has been felt in a sustained manner, which since 2021 has been occurring in the main industrial markets. Throughout 2022, almost 85% of the demand in Tijuana corresponded to speculative projects, a characteristic that this market shares with Mexico City, Guadalajara and Puebla.

In response to this demand, the pace of construction had continued to rise throughout 2022, reaching its peak during the month of December with 488,000 square meters.

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However, the impression of developers and marketers in the area coincides with the existence of a scarce supply of projects whose surfaces correspond to sizes of 10 to 20 thousand square meters, arguing that developers and builders are focusing on generating an offer with larger ships.

To validate this impression, we went on to analyze the projects that began construction during 2022 and indeed, both the construction areas and the number of projects whose surfaces range from 10 to 20 thousand square meters were reduced by more than half, if we compare what construction started in 2022 compared to 2021.

In 2022, about a fifth of the surfaces that began construction correspond to warehouses whose surfaces range from 10 to 20,000 square meters, 53% to warehouses with surfaces greater than 20,000 square meters, and the remaining 27% to warehouses smaller than 10. thousand square meters.

If the analysis is carried out by number of projects in 2022, about 55% corresponds to warehouses whose surfaces are less than 10,000 square meters, a figure that was around 11% of the number of projects that began construction during 2021. That is, while in 2021 about 46% of the number of projects is represented by warehouses of 10 to 20 thousand square meters, this percentage falls to 18% throughout 2022.

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Even in the midst of the increase in demand, there are a number of elements that condition the development of new warehouses, among which are the scarcity of land and the investments that must be made to guarantee water and electricity services in accordance with industrial activity. who stays there.

These elements led developers to build larger ships seeking to maintain their participation and profitability in this highly competitive market.

So far in 2023, the constructions already exceed 480 thousand square meters and are located at more than 80% on the Pacific-Nordika and El Florido-Boulevard 2000 submarkets, so we can expect that new constructions will continue to be started with a higher proportion of large surface projects.