Guadalajara ends the first quarter of 2023 with a gross demand that represents 7% of the national total, registering 250,000 square meters. Two important operations were reported during the quarter for warehouses with areas of 25 and 36 thousand square meters.

Let us remember that at the beginning of 2022 various projects were completed that gave a boost to the industrial inventory of the Guadalajara market. When analyzing the composition of the demand during 2022, we found a strong speculative commitment that allowed 86% of the total industrial areas for rent to be developed under this modality, a trend that is extrapolated in 2023.

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The largest number of warehouses for rent corresponded to sizes less than 10,000 square meters, which represented 80% of the total. The El Salto corridor groups 70% of the total demand in 2022 and it is where the largest number of Class A ships are concentrated, with the largest dimensions.

It is May 2022 where industrial constructions reached their highest amount with almost 360 thousand square meters of industrial buildings that represented 7.5% of the inventory of this market. In March 2023, just over a dozen industrial buildings are under construction, of which close to half are available.

The activation of constructions seems to be an effective mechanism to try to stop the decline in vacancy and it is concentrated by at least half a dozen experienced developers with experience in the region and specifically in the construction of industrial assets.

Currently, at the end of 1Q 203, vacancy stands at 1.2% in the midst of a scenario of increasing rental prices with the record of $5.7 dollars per monthly square meter at the end of March 2023. Vacancy closes on the El Salto corridor. the quarter with 3.1%, well above the market average, while the available spaces were exhausted in the Zapopan Norte y Periférico Sur submarkets.

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Currently, this market has warehouses with surfaces from 760 to 36 thousand square meters, although it does not look enough to satisfy the demand that is anticipated. The larger formats are being developed in the industrial parks Vesta Park Guadalajara, Kampus Industrial Santa Rosa and Prologis Park los Arrayanes, with warehouses that exceed 20,000 square meters under the speculative modality.

Guadalajara continues to be highly attractive for industrial investments in the technology, electronics and logistics sectors, which allows the Gross Domestic Product to rise due to the demand for more specialized labor.

Infrastructure, transportation, and equipment for complementary services such as residential and office drive a harmonious development that laid the foundations in 2022 and will continue to progress in the following quarters.