The Tijuana industrial market continues in the ranking of the first three positions in terms of cumulative gross demand between January and July 2023, only surpassed by Monterrey and Mexico City.

The attraction is one of the main cities on the border between Mexico and the United States and a neighbor of American markets with a high degree of institutionality such as San Diego and Los Angeles. 

This proximity allows not only the demand but also the availability and remuneration of qualified labor from multiple industries to permeate, which represents an important advantage for Mexico that it has been able to capitalize on in the last three years, after the pandemic.

Consult here: BTS projects dominate the industrial demand of Saltillo in the first half of 2023

With rental prices that have not stopped rising since the beginning of 2021 and a vacancy that does not reach 1%, demand continues to activate various sectors, including electronics, medical devices, logistics and light manufacturing in industries such as cosmetics and food and beverages.

The Pacifico-Nordika and El Florido-Boulevard 2000 industrial submarkets continue to be the ones that accumulate the highest demand so far in 2023, and where the largest number of applications that reach this border market decline.

If the focus is placed on the net demand, which includes vacancy, the El Florido Boulevard submarket maintains during the last four quarters monitored by Solili an order that exceeds 50 thousand square meters per quarter.

Of interest: What sectors drove the industrial investments of Querétaro during 2023?

In the case of the net demand observed in the Nordika Pacific submarket, it has skyrocketed during 2Q 2023, reaching more than 90,000 square meters, while its historical record shows us a submarket below 50,000 square meters per quarter. .

This market in the northern region, together with Ciudad Juárez, Monterrey and Saltillo, has presented important movements of acquisitions and sales of industrial properties by the main industrial portfolios and trusts that operate in the country. 

The convergence of multiple demands on this driving market currently advances about 560 thousand square meters of industrial buildings, one of the highest values in the last five years.