Monterrey, together with Mexico City, have been the markets that throughout 2022 have been at the forefront of industrial demand in the country, although it is the royal city that leads the way by accumulating more than 1.6 during eleven months of the year. million square meters, a figure that is equivalent to a quarter of the national demand.

Monterrey, due to the existence of experienced developers in the midst of a market that has reached levels of maturity in recent years, has managed to capitalize on the large gross absorption that converges there, which is favored by its proximity to the United States, the great global demand for goods and services.

Consult here: The vacancy of industrial markets in Mexico continues to decrease

When we analyze the composition of the demand during the months of January to September 2022, we observe that close to a third of the number of projects demanded corresponds to BTS or custom-made projects, although if we analyze the total surfaces, 63% corresponds to this category, leaving the remaining percentage to speculative projects.

Regarding the sizes of warehouses that have been rented during these three quarters of 2022, 6% correspond to surfaces that exceed 50,000 square meters, where the furniture, machinery, automotive, and metalworking sectors dominate, with warehouses that they reach up to 92 thousand square meters.

The bulk of the demand is between 5 and 20 thousand square meters where 54% in number of operations and 41% of the surfaces that were closed in the period are found. 

In this group of areas, the range of sectors that participate opens up much more, from the logistics, technology, metal-mechanic, automotive, electronic, food and beverage sectors, together with a great variety of diverse manufactures that make up the vast industrial gear of the market. from Monterrey.

The demand for surfaces smaller than 5,000 square meters account for 30% of the number of operations with respect to the total, but only 8% with respect to the total areas, since the average surface area in this group of areas revolves around the 3.3 thousand square meters.

Demand in general terms has been satisfied throughout the year, but it has been faster than supply, which has resulted in vacancy contracting from 3.0% in January 2022 to 1.4% at the end of November of the same year. year.

Of interest: Industrial demand for the bajio in 2022 is 55% higher than that reported in 2021

In turn, rental prices have also been increasing as a result of this dynamic and since the beginning of 2022 they have managed to increase by 13.8%, closing at $4.8 dollars per monthly square meter at the end of November 2022.

Regarding the balance with the offer, this prominent industrial market still has 44 spaces that range from 1,070 square meters to a 30,000-square-meter warehouse, the latter property located on the Ciénega de Flores submarket.

Another phenomenon that we have witnessed in this northern market is that a few developers have the possibility of expanding and offering the complete package that includes the land and construction under the custom-made project modality, which has allowed us to meet this demand. above the 50,000 square meters that we saw materialize in 2022.