The industrial market of Tijuana has positioned itself in recent years as the market with the lowest vacancy rate nationwide as a result of the exponential increase in demand and the continuous interest of multinational companies to settle in the border city.

In addition to the constant dynamism presented by the industrial demand of the market, the lack of land for industrial use with infrastructure has been one of the fundamental factors that have made it impossible to trigger new projects.

However, the market has shown signs of reactivation of industrial buildings as a result of the limited supply that currently exists in the city.

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The market ended the quarter with 22 projects under construction that add up to a total of 283.4 thousand square meters under construction, showing an annual increase of 42.4%, and 3.5% compared to the first quarter of the year.

56% of the space that is currently under construction is projected as vacant space, so we estimate an increase in the market offer in the coming quarters.

In response to the low vacancy rates in the market, currently large developers such as Atisa, Vesta, Artha Capital and RMSG, as well as private developers, have started speculative projects in buildings ranging from 4,645 square meters to 27,800 square meters.

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Likewise, other important developers such as Prologis, have speculative projects still in the planning phase but it is estimated that during the second semester of the year construction will be finalized and begin to come to add first level offers in a market where spaces are necessary of the characteristics under which this company builds.

During the second quarter of the year, 9 projects began construction, of which 40% correspond to speculative projects.

The spaces that are currently under construction in the city are located mainly in the submarkets of Pacifico-Nordika and El Florido-Boulevard 2000, because they are the areas with the highest availability of land as a base component for the detonation of industrial projects. 74% of the work space is projected in buildings classified as class A.