At the end of 4Q 2021, the number of industrial buildings in Tijuana was 435 thousand square meters, only surpassed by  México City and Monterrey with 742 and 934 thousand square meters.

Now, if we make a relative comparison of what is being built with the size of each entity's inventory, Monterrey again takes the lead with 7% advancing in construction, followed by 5.6% that we observe in Tijuana and Guadalajara.

This speed and number of works being executed seek to meet the demand that is coming in these three markets whose vacancies as of February 2022 are 2.8%, 0.4% and 2.5%, respectively.

Check here: It is necessary in Ciudad Juárez speculative industrial construction due to low vacancy offer

That low vacancy of less than half a percentage point has triggered alarms for a few quarters, where the scenario projected by the institutional developers of the entity is that pressure on gross demand continues to be maintained.

During the first two months of 2022, gross absorption already reached 68 thousand square meters, although this figure is still far from what was reported at the end of 1Q 2021, where 264 thousand square meters were reported.

Another element to highlight about this important border market is the takeoff of construction that during the first months of 2022 totals 78 thousand square meters that are part of the 26 properties that advance in different stages of development and that add up to about 523 thousand square meters. .

Of these ships in process there is an availability of 37%, where the 200 thousand square meters available include options ranging from 3 thousand to 40 thousand square meters.

The largest available industrial buildings are developed by Prologis with surfaces of 28 and 40 thousand square meters, on the El Florido-Boulevard 2000 submarket.

Of interest: The Bajio begin recovery of industrial demand driven by manufacturing companies

Public investment initiatives such as the construction of the Otay II checkpoint or the double deck of the airport towards Playas de Tijuana that seek to boost border crossings are strong signs of a demand that will continue to grow.

Both manufacturing and logistics, the latter driven by the growth of e-commerce companies, have been the main triggers for the increase in demand in Tijuana.

Likewise, members of the Economic and Industrial Development of Tijuana and the Coordination of Industrial Developers indicated in mid-February 2022 that the entity could attract up to 450 million dollars in investment in different industrial sectors, mainly for electronics, manufacturing, medical devices and logistics.