The industrial market of Monterrey, which already exceeds 1.2 million square meters, registered an accumulated gross demand between January and July 2021 of almost 600 thousand square meters, only below the capital that accumulated 643 thousand square meters in the same period.

E-commerce this year triggered additional pressure in large cities, where the country's capital and Monterrey are its best exponents. The developers have been searching for surfaces that allow locating last-mile warehouses.

The last mile refers to parcel transportation management focused on the final delivery of the product. That is, it is a collection center where several packages are grouped in a space and then distributed in a specific geographical area.

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The centers of the main cities in those markets of greater maturity have habitually ceded industrial spaces from old warehouses to projects for other uses such as commercial, residential or offices, causing this demand to shift to the peripheries.

In the case of the cities of Monterrey, the spatial configuration places the San Nicolás submarket in the center of the city and the Monterrey and Santa Catarina submarkets to the south and southwest, respectively. These submarkets still house old buildings that can lead to a growth of this type of last-mile centers.

Here developers can convert old logistics warehouses or manufacturing companies into new warehouses that show the current design parameters that e-commerce needs.

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In turn, these modifications where logistics activity coexists closely with commercial and residential activity generate positive externalities, where insecurity decreases and greater added value is generated in the area.

Another advantage revolves around the provision of infrastructure available to these urban centers with industrial potential for electronic commerce.

Currently, the gross demand for the second quarter of the year was focused on three submarkets: Santa Maria with 34.8%, Valle-Oriente with 24.4% and Centro with 27.4%, according to the Solili platform.

Monterrey is the second Mexican industrial city that has maintained the sustained development of the demand for goods and services and where competition from institutional industrial developers has had an impact so that the rental price continues to rise and the gap available industrial space is further closed. .

For this reason, in the remainder of the year construction activity is expected to continue in this important industrial city.