The industrial market of the capital of the country reported an accumulated gross industrial demand of 536 thousand square meters, between January and June 2023. This amount is very similar to that registered in the same period of 2023, which maintains a quarterly rhythm of demand that exceeds 250 thousand square meters.

However, although the demand has not grown significantly, as it has in Monterrey and several markets in the north of the country, the vacancy rate continues to decline and closes the second quarter of 2023 with a percentage of 1.2%.

It should be noted that the main corridors that usually absorb a large amount of demand in Mexico City, such as Toluca, Tultitlán and Tepotzotlán, have vacancy rates below 0.8% and only Cuautitlán has 2.6% vacancy, which It is equivalent to a little less than 100 thousand square meters.

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If we consult the Solili platform at the end of July 2023, of the 573,000 square meters of construction projects that are advancing in the city, only less than twenty spaces are available, totaling about 370,000 square meters. The available surfaces range from 4,000 to 66,000 square meters, although most of these options are between 10,000 and 30,000 square meters.

The rest of the unavailable spaces under construction handle the figure of the pre-lease so they enter the occupied inventory of the capital, a situation that affects the decrease in vacancy.

If spaces in existing buildings are added to this availability figure, most of these options correspond to warehouses below 20,000 square meters, which would be being marketed by half a dozen developers who compete strongly in this market.

Of interest: The start of industrial projects on the northern border of the country grows 13% annually

In turn, the percentage increase that the industrial inventory in Mexico City has had between June 2023 and June 2022 reaches 5%, a figure that was only surpassed by the registered increase of 6.7% between June 2019 compared to June 2018. .

The strong logistical vocation shown by the main corridors of Mexico City has been present in the performance of accumulated gross demand in 2022, which exceeded 1.5 million square meters in the capital, exceeding the accumulated figure by 22% in 2021.

If the pace of industrial demand continues constant, we would be facing a scenario that would give margins to greater increases in rental prices, which at the end of 2Q 2023 registered $6.7 dollars per square meter, which already represents 12% above the average price registered at the beginning of 2023.