Tijuana is positioned as the third industrial city in the country in terms of size and its location near the border has been key to attracting national and international investors, who during the last five years have opted for its consolidation and growth in the city .

In the first three months of the year, companies from the manufacturing sector, the tobacco industry, and e-commerce were installed, some focused on labeling, food and beverages.

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At the end of April 2021, gross demand reached a little more than 45 thousand square meters and 25 thousand were added as new construction.

67% of the demand in the first quarter was in speculative buildings, while the remaining 33% corresponded to "made to measure" or BTS projects.

Currently the growth of the market has been noted with the arrival of new investments, especially in 2 corridors. The first is Otay-Alamar where the RMSG firm will build a new industrial park, in which 2 warehouses stand out that together reach 50 thousand square meters. The Vesta company also invested in a 30 thousand square meter speculative project.

The second corridor is El Florido-Boulevard 2000, in which there are 2 speculative projects of the firm Artha Capital and a new industrial complex will be erected focused on the manufacturing and logistics sector, with more than 37 thousand square meters developed by the MEOR real estate fund .

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Although it is true that land reserves with infrastructure for the development of industrial projects are increasingly scarce in the city, some developers choose to buy land in non-traditionally industrial areas, but which have the necessary infrastructure for logistics or manufacturing companies can be established.

The growing demand for industrial spaces that the city has experienced in recent years, coupled with decreasing availability, has made the city attractive for investors who did not have a presence in the city and wish to expand their portfolio near the border.

Investors expect that the agreements generated by the T-MEC will continue to attract companies to Tijuana, where legal certainty and production costs will allow us to weigh the risks and give investment room for maneuver.

More information on key indicators in the Industrial Report Tijuana April 2021